Lithium-Ion Battery Pack Prices Hit Record Low at $108/kWh
BloombergNEF finds 2025 lithium-ion battery pack prices dropped to $108/kWh amid LFP shifts and overcapacity; China saw the steepest declines.
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BloombergNEF finds 2025 lithium-ion battery pack prices dropped to $108/kWh amid LFP shifts and overcapacity; China saw the steepest declines.
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While the pace of price decreases has slowed, lithium-ion battery packs have reached a new record low in 2025. According to the latest analysis by BloombergNEF (BNEF), prices have
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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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All-in BESS projects now cost just $125/kWh as of October 2025. Battery storage has moved past its infancy, driven by rapid factory scale-up, fierce competition and oversupply that has
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