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Lithium Ion (Li-ion) batteries have emerged as the dominant technology for electric mobility due to their performance, stability, and long cycle life. Nevertheless, there are emerging environmental and economic issues from Li-ion batteries related to depleting critical resources and their potential shortage. This paper focuses on developing the Life Cycle Assessment (LCA) and Life Cycle Costing (LCC) of a generic Li-ion battery pack with a Nickel-Manganese-Cobalt (NMC) cathode chemistry, being the most used, and a capacity of 95 kWh as an average between different carmakers. The LCA and LCC include all the relevant phases of the life cycle of the product. The costs related to the LCC assessment have been taken as secondary data. Lastly, the same system boundary has been chosen both for the LCA and LCC.