The global average price for a lithium-ion battery pack dropped a staggering 14% in 2023 and keeps falling. BloombergNEF reports that EV-specific packs even dipped below the $100/kWh mark in 2024. But as one major challenge for electrification gets solved, a new, more complex one has taken its place: managing the extreme volatility of raw material costs. The financial stakes of every component have escalated dramatically, with Fortune Business Insights projecting the battery materials market will swell from USD 70.79 billion in 2025 to USD 201.82 billion by 2032. For electric vehicle manufacturers and cell-makers navigating this new world of supply chain disruptions and fluctuating input costs, the cost and supply intelligence platform Wensura was built to provide a solution.

What is battery cell cost modeling and why is it critical for EV manufacturers?