Demand Weakened Before the End of the Year, Battery Cell Prices for ESS Remained Stable This Week

Published: Jan 23, 2025 11:49

Save

This week, ESS battery cell prices remained stable. Cost side, influenced by the rising prices of LFP cathode materials, copper, and aluminum, the cost of ESS battery cells slightly increased. According to SMM calculations, as of last Friday, the theoretical cost of 280Ah battery cells was 0.297 yuan/Wh, and 314Ah battery cells was 0.282 yuan/Wh. Market side, although overseas demand continued to support shipments for some battery cell manufacturers, domestic ESS battery cell demand entered the traditional off-season in Q1, leading to a slight pullback in overall production and sales of ESS battery cells. Currently, ESS battery cell inventory remains at a low level. Against the backdrop of rising costs and weakening market demand, battery cell prices are temporarily stable. Looking ahead, as the market enters the off-season for ESS demand, most battery cell manufacturers are expected to cut production due to changes in demand and holiday factors. Coupled with relatively small short-term cost changes, ESS battery cell prices are expected to remain stable in the short term.

New Energy

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

6 hours ago

[Li-battery: Do-Fluoride to Inject RMB 210mn into Guangxi Ningfu for 20GWh Battery Project]

Do-Fluoride announced on Sep 18 it plans to borrow up to RMB 210 million via a policy-backed financing instrument and subscribe RMB 210 million of new registered capital in subsidiary Guangxi Ningfu New Energy, lifting its stake from 77.45% to 78.54%. The funds will serve as capital for Ningfu's third plant, a 20GWh lithium battery project. Ningfu posted revenue of RMB 2.49 billion and net profit of RMB 121 million in H1 2026.

6 hours ago

[Na-ion: Shenhuo Group Breaks Ground on 50,000t/yr Sodium Battery Foil Project]

Shenhuo Group started construction of a 50,000-tonne-per-year high-performance aluminum foil project for sodium-ion batteries in Shangqiu, Henan on Sep 16. The project includes about 40,000 sqm of workshops and smart warehousing, with 1850mm and 2150mm foil rolling mills, producing 8-20μm foil for Na-ion cathodes and anodes over a 24-month build period. Output will cover power and energy storage batteries, complementing its existing lithium battery foil capacity for a dual-track lithium-sodium strategy.

6 hours ago

7 hours ago

Guibao Technology Subsidiary Completes 100 Million Yuan Capital Increase to Accelerate Implementation of Silicon Carbon Anode and Other Projects

Recently, Guibao Technology (300019) announced that the company has completed a capital increase of 100 million yuan to its wholly-owned subsidiary, Guibao (Meishan) New Energy Materials Co., Ltd. (hereinafter referred to as "Guibao New Energy"), and has completed the relevant industrial and commercial change registration procedures, obtaining the renewed Business License issued by the Market Supervision Administration of Pengshan District, Meishan City, Sichuan Province.

7 hours ago