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.
Recent tenders in China have highlighted the severity of the pricing frenzy, with average lithium-ion battery energy storage system–level bids falling to around $65/kWh, a figure that has startled Western markets.
Global lithium-ion battery prices will continue their decline in 2026, though at a slower pace of 3%, reaching $105 per kilowatt-hour. According to the latest survey from research firm BloombergNEF (BNEF), this trend extends a price reduction trajectory of over 93% since 2010, although the pace of decline has noticeably decelerated.
China maintained its lead in low-cost batteries, with average prices dropping 13% to $84/kWh. Factors driving this include reduced input costs, production overcapacity, aggressive price competition and a strong shift toward lithium iron phosphate (LFP) chemistries.
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New York, December 9, 2025 – lithium-ion battery pack prices have dropped 8% since 2024 to a record low of $108 per kilowatt-hour, according to latest analysis by research provider BloombergNEF
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
Global lithium-ion battery prices will continue their decline in 2026, though at a slower pace of 3%, reaching $105 per kilowatt-hour. According to the latest survey from research firm
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