[SMM Analysis] This Week's Decline in Energy Storage Battery Cell Prices Slowed Down, Year-End Market Trading Sentiment Gradually Weakened

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SMM, December 26:

This week, the price decline of energy storage battery cells has significantly slowed. Cost side, according to SMM calculations, as of last Friday, the theoretical cost of 280Ah energy storage battery cells was 0.293 yuan/Wh, and that of 314Ah energy storage battery cells was 0.28 yuan/Wh, with relatively small overall changes. Market side, as the end of December approaches, domestic demand for energy storage battery cells has gradually weakened, and inquiries in the market have also decreased. Meanwhile, after earlier low-price inventory clearance by battery cell manufacturers, their inventory and market prices have both dropped to relatively low levels. Currently, it is a critical period for signing major material orders for battery cells in 2025, and prices remain in intense negotiation. Due to battery cell manufacturers not fully confirming changes in material prices, their willingness to quote remains low, which has led to a slowdown in the decline of market transaction prices for energy storage battery cells.

SMM New Energy Industry Research Department

Cong Wang 021-51666838

Xiaodan Yu 021-20707870

Rui Ma 021-51595780

Ying Xu 021-51666707

Disheng Feng 021-51666714

Yujun Liu 021-20707895

Yanlin Lü 021-20707875

Ye Yuan 021-51595792

Chensi Lin 021-51666836

Zhicheng Zhou 021-51666711

Haohan Zhang 021-51666752

Zihan Wang 021-51666914

Xiaoxuan Ren 021-20707866

Yushuo Liang 021-20707892

Jie Wang 021-51595902

Yang Xu 021-51666760