[SMM Weekly Review of Power Battery Cell Market 5.22] Automakers' Price War Continues, Driving Dual Adjustments in Battery Cell Structure and Product Strategy

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This week, the power battery cell market continued to exhibit a stable yet adjusted operational trend. In terms of pricing, the quotation range for mainstream LFP battery cells fluctuated rangebound, with most market transactions concentrated on long-term agreements with leading battery cell manufacturers. Price competition among terminal automakers persisted into mid-May, particularly for pure electric platforms at A-level and below, with a deep dive into vehicle selling prices, imposing higher requirements on upstream BOM costs. Against this backdrop, power battery cell manufacturers gradually optimized their product strategies, maintaining a stable supply of basic large-capacity LFP products while accelerating the launch of differentiated solutions tailored for niche markets, such as low-cost, high-integration modules, and new-generation LFP battery cells compatible with CTP structures. Some ternary battery cell producers also enhanced product cost-effectiveness through technologies like high-voltage iron doping and fast-charging systems, advancing the matching of customized battery cells, represented by the 9-series, in the testing phase with core customers.

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Yang Le 021-51595898