China leads at $84/kWh with LFP, while stationary storage packs hit benchmark lows of $50/kWh amid innovation and hedging strategies. Global lithium-ion battery prices continued their downward trajectory in 2025, with average pack costs falling 8% to $108 per kilowatt-hour, according to BloombergNEF's annual survey.
According to BloombergNEF's 2025 Lithium-Ion Battery Price Survey, lithium-ion battery pack prices have fallen 8% since 2024, reaching a record low of $108 per kilowatt-hour.
Since 2017's fall, 2024 has delivered the steepest annual decline in lithium-ion battery pack pricing, as disclosed by BloombergNEF's recent Lithium-Ion Battery Price Survey. This record-breaking drop follows a preceding 14% drop in 2023. This estimation combines the cost of the cell and the pack, priced at US$78 and US$37 respectively.
The price of Lithium Iron Phosphate (LFP) battery cells for stationary energy storage applications has dropped to around $40/kWh in Chinese domestic markets as of November 2025. These cells are further integrated into battery enclosures, which house 5-6 MWh of cells in 20-foot containers.
Average lithium-ion battery pack costs fell 8% to $108/kWh in 2025, a 93% drop since 2010. China leads at $84/kWh with LFP, while stationary storage packs hit benchmark lows of
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The price of Lithium Iron Phosphate (LFP) battery cells for stationary energy storage applications has dropped to around $40/kWh in Chinese domestic markets as of November 2025.
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Declines in the cost of lithium-ion battery packs have been pronounced across 2024, plunging by 20% to land at US$115 per kWh. In the electric vehicle (EV) sphere, we''re seeing prices
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Average battery pack prices were lowest in China, at $84/kWh. Pack prices in the North America and Europe were 44% and 56% higher, reflecting higher local production costs and greater
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Discover the latest lithium battery energy storage prices and industry trends in 2024. This guide breaks down cost factors, regional pricing variations, and application-specific solutions to help businesses
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Lithium-ion battery pack prices fell to a record $108/kWh in 2025, fueled by LFP adoption and global competition.
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Average LFP battery pack prices across all segments came in at $81/kWh while nickel manganese cobalt (NMC) packs were at $128/kWh. The report also covers regional differences in
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Lithium prices corrected sharply, driven by a speculative unwind following a recent rally. Markets are reconsidering the magnitude of near-term demand, as slowing passenger EV growth
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Average price of battery cells per kilowatt-hour in US dollars, not adjusted for inflation. The data includes an annual average and quarterly average prices of different lithium-ion battery
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Lithium powers lithium-ion batteries for EVs, energy storage, and electronics. Trusted price data help producers and buyers meet rising demand in the global clean energy transition.
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