Mind-blowing decline in China battery cell prices

[Drunk Engineer]

Report of latest battery cell prices in China, now below $66/kwh. One reason given for the decline is overproduction.

“Mind blowing:” Battery cell prices plunge in China’s biggest energy storage auction

Latest battery storage auction prices in China stun analysts with another big price fall that could fast-track green energy switch and uptake of EVs.

reneweconomy.com.au

 

[Sunny Day]

Report of latest battery cell prices in China, now below $66/kwh. One reason given for the decline is overproduction.

“Mind blowing:” Battery cell prices plunge in China’s biggest energy storage auction

Latest battery storage auction prices in China stun analysts with another big price fall that could fast-track green energy switch and uptake of EVs.

reneweconomy.com.au

Just to be clear, that’s the average price of the tenders submitted and it is not the cell prices, it is the complete turnkey installed system, including all the extra system components, cabling, installation and management labor, profit margin etc.

I agree it’s mind blowing and since no one submits a tender of this size without quotes from their suppliers which they can call upon if they win the bid, it shows the cell manufacturers expect their prices to continue declining in the next couple of years.

 

[TK1979]

Amazing! No wonder I've seen complete battery systems showing up on ebay for 175/kwh