Energy storage battery cell prices still have downward room as the iteration of 300+Ah battery cells accelerated

Published: May 31, 2024 18:00

Source: SMM

Save

In April, the average price of 280Ah square LFP energy storage battery cells was 0.38 yuan/Wh, down 8% MoM, versus 0.44 yuan/Wh for 100Ah square LFP energy storage battery cells, down 2% MoM.

According to SMM, as of the end of April, the theoretical cost of 280Ah energy storage battery cells was 0.341 yuan/Wh. In April, driven by the rising prices of LFP cathodes, copper and aluminum, the cost of 280Ah energy storage battery cells increased. However, due to the high inventory levels of battery cell companies and the persisting overcapacity in the industry, the prices of 280Ah energy storage battery cells fell. Looking ahead, although industry inventory declined, the prices of 280Ah square LFP energy storage battery cells may still have a downward trend amid the accelerated iteration of 300+Ah battery cells and intensified competition among enterprises.

Market forecast Market review

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

11 hours ago

World's First 100-MW Compressed Air Energy Storage Test Platform Under Construction in Nanjing

According to Nanjing Release, the world’s first 100-megawatt-class compressed air energy storage test platform is under construction at Nanjing Qilin Sci-Tech Innovation Park. At present, the main structure of the test platform has been completed, and it is expected to complete full process integration in H1 and carry out electrical integration and commissioning in H2.

11 hours ago

12 hours ago

REPT BATTERO Announces 2025 Financial Results

On the evening of March 26, REPT BATTERO released its 2025 annual performance announcement. The company achieved annual operating revenue of 24.334 billion yuan, a year-on-year increase of 36.7%; and profit attributable to owners of the parent company of 623 million yuan. In 2025, the company's total sales of lithium battery products reached 82.7 GWh, a year-on-year increase of approximately 89.2%. Among these, revenue from power battery products was 10.013 billion yuan, up 35.6% year-on-year; revenue from energy storage battery products was 13.56 billion yuan, up 86.8% year-on-year, with its share of total revenue increasing by 14.9 percentage points to 55.7%.

12 hours ago

Mar 24, 2026 11:56

China Energy Engineering Group Held Talks With Fangshan District of Beijing to Deepen Cooperation in Multiple Fields Such as Hydrogen Energy and Energy Storage

Mar 24, 2026 11:56