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Cell prices below US$100/kWh

Posted on - 11 Oct 2023

Category - Data update

Reports from China suggest that the continued weakness in lithium chemical and other battery raw materials is having a substantial impact on cell prices. Since April, spot LFP cell prices have dropped below US$100/kWh and since August NCM523 prices have also dropped below that level. Weighted average cell prices (on a spot basis in China) are now thought to be below the key US$100/kWh, rolling back all of the damage done by the spike in RM prices in 2022.

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Cells China LFP Prices Ternary