Global Lithium-Ion Battery Prices Hit Record Low
Lithium-ion battery pack prices fell to a record $108/kWh in 2025, fueled by LFP adoption and global competition.
Lithium-ion battery pack prices fell to a record $108/kWh in 2025, fueled by LFP adoption and global competition.
Prices of lithium-ion battery packs have declined 8% in 2025 from 2024 to a new record low of USD 108 (EUR 92) per kWh, according to a BloombergNEF (BNEF) report, unveiled earlier
For the better part of a decade, the battery industry has taken for granted that when the prices of lithium and cobalt spike, pack prices inevitably follow. But 2025 has seemingly broken that
Lithium-ion battery pack prices have dropped 8% since 2024 to a record low of $108 per kWh, according to the latest battery price survey by BloombergNEF (BNEF).
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
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According to BNEF, battery pack prices for stationary storage fell to $70/kWh in 2025, a 45% decrease from 2024. This represents the steepest decline among all lithium-ion battery use
BloombergNEF''s 2025 survey finds average lithium-ion pack prices dropped 8% to $108/kWh, driven by LFP adoption, overcapacity, and competition. Stationary storage costs plunged
Li-Ion Battery Industry Chain Prices (Updated Monthly) TrendForce Lithium Battery Research tracks price trends for major products of China''s li-ion battery industry chain, including
Cell manufacturing overcapacity and intense competition contributed to an 8% year-on-year decline in the average cost of lithium-ion battery packs, according to BloombergNEF (BNEF).
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