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EV Battery Prices To Fall Sharply - Goldman Sachs

27th November 2023

Stellantis (STLA) will partner with Chinese battery manufacturer Contemporary Amperex Technology Co., or CATL, to open a EV battery factory in Europe.

The automaker signed a non-binding Memorandum of Understanding, or MoU, with CATL to localize the supply of lithium iron phosphate batteries and cells to power the automaker's EV production in Europe. It comes as a new report from Goldman Sachs, which predicts EV battery prices will fall a whopping 40% by 2025.

Yahoo Finance Senior Reporter Pras Subramanian joins the Live show to break down the partnership and Goldman Sachs report.