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.