[SMM Analysis] Battery Cell Production Schedule in January 2025 Decreased by 10% MoM, End-User Sales Declined Significantly

》View SMM Cobalt and Lithium Product Prices, Data, and Market Analysis

》Subscribe to View Historical Price Trends of SMM Cobalt and Lithium Spot Products

Regarding power battery cell prices, according to the latest SMM data, the price of 100Ahprismatic LFP battery cellwas 0.355 yuan/Wh, and the price of 6-seriesprismatic ternary battery cellwas 0.505 yuan/Wh, both showing a certain degree of decline. Supply side, battery cell production schedules in January 2025 decreased by 10% MoM, with iron phosphate power battery cells down 9% MoM and ternary power battery cells down 5% MoM. The market CR5 was 80%, indicating a decrease in market concentration compared to December. Demand side, at the beginning of the year, due to the Chinese New Year holiday and the gap in the trade-in policy, NEV sales declined significantly, weakening battery cell demand and reducing orders. It is expected that battery cell production schedules will continue to decline in February.

SMM New Energy Research Team

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

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

Lianting Yang 021-51595835