[SMM Analysis] Battery Cell Prices for ESS Slightly Rebounded This Week, with Prices Likely to Remain Stable Subsequently

Published: Mar 13, 2025 14:09

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[SMM Analysis: This Week's ESS Battery Cell Prices Slightly Rebounded, Future Prices May Remain Stable] SMM, March 13: This week, the prices of 280Ah and 100Ah ESS battery cells increased, while the prices of 314Ah and 50Ah ESS battery cells remained stable. The main reason was the rise in prices of key materials such as graphite anodes and copper-aluminum, leading to a short-term increase in the cost of ESS battery cells, though the increase was relatively small. According to SMM's calculations, as of last Friday, the theoretical cost of 280Ah battery cells was 0.3 yuan/Wh, while that of 314Ah battery cells was 0...

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SMM March 13 News:

This week, the prices of 280Ah and 100Ah ESS battery cells increased, while the prices of 314Ah and 50Ah ESS battery cells remained stable. The main reason was the rise in prices of key materials such as graphite anodes and copper-aluminum, leading to a short-term increase in ESS battery cell costs, though the growth was relatively small. According to SMM's calculations, as of last Friday, the theoretical cost of 280Ah battery cells was 0.3 yuan/Wh, while that of 314Ah battery cells was 0.284 yuan/Wh. This week, the prices of 280Ah and 100Ah ESS battery cells saw a slight rebound in the short term due to the depletion of low-cost inventory before the holiday. Meanwhile, the prices of 314Ah and 50Ah ESS battery cells remained stable as market supply and demand were balanced, with minimal short-term cost fluctuations. Looking ahead, ESS battery cell market demand is expected to gradually rebound from late Q1 to early Q2. However, due to limited fluctuations in battery cell costs and the gradual completion of capacity transitions for 314Ah ESS battery cells, supply is sufficient, and the price of 314Ah battery cells is expected to remain stable. At the same time, after price adjustments, the prices of 280Ah and 100Ah battery cells are also expected to stabilize.

SMM New Energy Industry Research Department

Cong Wang 021-51666838

Xiaodan Yu 021-20707870

Rui Ma 021-51595780

Ying Xu 021-51666707

Disheng Feng 021-51666714

Yujun Liu 021-20707895

Yanlin Lü 021-20707875

Ye Yuan 021-51595792

Chensi Lin 021-51666836

Zhicheng Zhou 021-51666711

Haohan Zhang 021-51666752

Zihan Wang 021-51666914

Xiaoxuan Ren 021-20707866

Yushuo Liang 021-20707892

Jie Wang 021-51595902

Yang Xu 021-51666760

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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