[SMM Energy Storage Battery Cell Market Weekly Review 8.06] Energy storage battery cell prices remain stable, with large-capacity products expected to accelerate shipments in H2

The energy storage battery cell market overall stayed stable this week, with no significant fluctuations on either the supply or demand side. Although lithium chemical prices have pulled back recently, the cost decline has not yet been clearly transmitted to battery cells due to factors such as raw material procurement cycles, order pricing mechanisms, and enterprise profit margins. Only a small portion of orders using raw material price linkage mechanisms saw slight decreases, and overall transaction prices remained stable. Currently, the average price of 314Ah energy storage battery cells is maintained at around 0.365 Yuan/Wh, remaining the mainstream delivered product in the utility-scale energy storage market.

Regarding the battery consumption tax, as the specific collection and implementation details have not yet been announced, most battery cell enterprises have not uniformly raised prices for downstream clients. Only some new orders have reserved room for tax adjustments in advance in their quotations and contract terms, and the market has not yet formed a consistent price increase trend. It is expected that once the rules are clarified, the additional tax costs may be shared by upstream and downstream players along the industry chain through negotiations among battery cell enterprises, system integrators, and end-user clients. The actual extent of transmission will still depend on enterprise order structures, client bargaining power, and their own capacity to absorb costs.

Product structure, in H1 2026, shipments of high-capacity energy storage battery cells above 500Ah were approximately 42 GWh, accounting for 8.6% of total energy storage battery cell shipments. Current utility-scale energy storage projects still mainly use 314Ah products. With high-capacity battery cell production lines gradually coming online and entering the ramp-up stage in H2, the delivery scale for products above 500Ah is expected to increase further, and its shipment share is estimated to rise to around 15% in H2. However, considering that production line ramp-ups, client verification, and project introductions all require a certain period, the increased capacity of large battery cells may not fully translate into actual shipments in the short term. Overall, energy storage battery cell prices are expected to remain stable with minor adjustments in the short term. Future focus should be on the consumption tax details, cost transmission methods, and the actual delivery progress of high-capacity battery cells.

SMM New Energy Industry Research Department

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lyu Yanlin 021-20707875

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Chen Bolin 021-51666836

Yang Le 021-51595898

Li Yisha 021-51666730

Huang Chencong 021-51595860