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 for 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

Jul 10, 2026 19:20

[SMM Analysis] Riding the Winds In and Outside China, Breaking the Iron Law of Old Cycles: 2026 Energy Storage Battery Cell Semi-Annual Review and Outlook

[SMM Analysis] In H1, the overflow of global utility-scale energy storage long-term contracts intertwined with the growing pains of production line upgrades. This not only completely shattered the cyclical pattern of "retreat after rapid rise" in the energy storage market, but also directly triggered a structural shortage and a strong price recovery for 314Ah battery cells. Furthermore, driven by the looming cancellation of tax rebates at year-end, an even more intense wave of "export rush" is gaining momentum, potentially pushing the full-year battle between volume and price to its peak.

Jul 10, 2026 19:20

Jul 10, 2026 13:49

[SMM Analysis] Demand Drives Continuous Growth in Electrolyte Production in H1 2026, Prices Remain in the Doldrums amid Structural Disturbances in Raw Materials

[SMM Analysis: Demand Drives Continuous Growth in Electrolyte Production in H1 2026, Prices in the Doldrums Due to Structural Disturbances in Raw Materials] According to SMM statistics, China's electrolyte production in H1 2026 was approximately 1.416 million mt, up about 56% YoY from H1 2025.

Jul 10, 2026 13:49

Jul 9, 2026 21:11

Peak Energy to Build First U.S. Grid-Scale Sodium-Ion Energy Storage System Factory

Peak Energy announced plans to invest up to US$71 million to build the first dedicated U.S. factory for grid-scale sodium-ion energy storage systems in Sacramento, California. The facility will have an annual production capacity of up to 4GWh, enough to support the annual electricity needs of nearly 4 million households.

Jul 9, 2026 21:11