Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Lithium-ion battery cost to drop to $100/kWh by 2025, Bloomberg New Energy Finance

Lithium-ion battery cost to drop to $100/kWh by 2025, Bloomberg New Energy Finance

Dec 14, 2017 15:08

Source:SMM

The average cost of lithium-ion battery set is likely to be halved to $100/kWh by 2025.

SHANGHAI, Dec 14 (SMM)－The average cost of lithium-ion battery set is likely to drop to $100/kWh by 2025, from the current $209/kWh, latest data from Bloomberg New Energy Finance (BNEF) showed.

With continuous development in the battery manufacturing industry and notable economies of scale, BNEF analyst James Frith said that the timing could be even earlier. He added that this would be the turning point for electric vehicles to be used more widely.

Tesla ceo Elon Musk said in 2012 that cost of electric vehicles' battery would be below $200/kWh "in the near future". At the time, the company's battery set had a cost of around $400/kWh.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

Li-ion battery

lithium

new-energy vehicle

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Spot Lithium Prices Surged to 1.9 Million yuan/mt

As of January 26, China battery-grade lithium carbonate offers continued to rise, according to SMM prices.

time

Jan 26, 2022 16:05

Spot Lithium Prices Surged to 1.9 Million yuan/mt

Lithium Carbonate Prices Soared near CNY

The average monthly price of battery-grade lithium carbonate was 236,478 yuan/mt in December 2021, up 20% on the month. The prices are likely to rise further as the downstream restocking extends.

time

Jan 12, 2022 17:12

Lithium Carbonate Prices Soared near CNY

Review of Cobalt and Lithium Resources Competition throughout 2021 – A Total Amount of Over 40 Billion Yuan Involved

Cobalt and lithium were undoubtedly the topic of the year which featured recovery and growth. As the shortage of upstream minerals drove up the prices of cobalt and lithium salt, many midstream and downstream enterprises have embarked on the road of competing with upstream miners for cobalt and lithium resources in order to control their costs.

time

Dec 30, 2021 15:44

Review of Cobalt and Lithium Resources Competition throughout 2021 – A Total Amount of Over 40 Billion Yuan Involved

Has the Third Round of Lithium Price Hike Started?

The market sentiment of lithium ore increased further. SQM, the world's second-largest lithium miner, predicted that the average price of lithium will rise by nearly 50% compared to Q3 in Q4.

time

Nov 22, 2021 15:37

Has the Third Round of Lithium Price Hike Started?

[SMM Annual Summit] Battery Market Is Likely to See Long-Term Raw Material Shortage in 2022-2024, What Are the Causes?

The new production capacity of lithium resources will be put into operation intensively after 2022-2023, and the production may be lower than expected. It is expected that there will still be a supply shortage of 24,000 mt LCE in 2022.

time

Nov 17, 2021 11:16

[SMM Annual Summit] Battery Market Is Likely to See Long-Term Raw Material Shortage in 2022-2024, What Are the Causes?

Rising Lithium Products Prices in South America to Shore Up Global Lithium Prices

Most of the companies that extract lithium from salt lakes in South America sell lithium products mainly through long-term contract. And selling prices were low for orders executed in the first half of 2021, most of which were signed at the end of 2020, according to CITIC Securities.

time

Sep 8, 2021 14:31

Rising Lithium Products Prices in South America to Shore Up Global Lithium Prices

SMM Webinar Series: China Policies Update

China has recently released the winter heating season policies for 2020/21, and while the initial view is that supply disruption may be less this year, there are still question marks over the impacts on demand.

time

Oct 21, 2020 12:00

SMM Webinar Series: China Policies Update

Dynavolt Tech to invest 2.5 billion yuan to build 5GWh Li-ion battery plant in Henan

Dynavolt Tech, based in Guangdong, engages in the R&D, manufacturing and sales of batteries

time

Nov 20, 2019 10:48

Dynavolt Tech to invest 2.5 billion yuan to build 5GWh Li-ion battery plant in Henan

China revises regulations on Li-ion batteries

Effective on Feb 15, the revision will require higher standards for quality inspections of battery materials

time

Jan 28, 2019 10:36

China revises regulations on Li-ion batteries

Analysis of refined nickel as raw material in stainless steel production

SMM aims to look at how much refined nickel currently used to make stainless steel could be channelled to the new energy space

time

Jul 19, 2018 16:20

SMM Insight Reminder

Analysis of refined nickel as raw material in stainless steel production

SMM Events & Webinars

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.