The company’s solution has an energy density of up to 500 Wh/kg for lithium ternary batteries, 40% more than current batteries. However, the report said charging speed and cycle life are not quite where they need to be.
That's corporate speak for "This is far from where it needs to be"
Hah, that's rookie numbers man...we just hit $1.2USD/kWh the other day during the "dinner rush" between 5pm-9pm