Electric Vehicle Battery Prices Drop – April 17, 2025, 19:32
The latest report from 21st Century Business Herald indicates a decline in battery prices for electric vehicles. Data shows that the average price of lithium-ion batteries has fallen significantly, highlighting a trend of decreasing costs in the industry. The report noted that the average price for battery cells has dropped to a range of 3.90–4.50 yuan per watt-hour, with transaction prices averaging around 4.10 yuan per watt-hour, reflecting a decrease of 1.68%.
Moreover, NCM (Nickel Cobalt Manganese) battery prices are also showing a downward trend, with prices ranging from 3.80 to 4.00 yuan per watt-hour and transaction prices settling at approximately 3.90 yuan per watt-hour. This indicates a stable price trend within this segment.
This week, the number of transactions involving lithium-ion batteries reached a total of four, indicating a slight decrease in activity. The prices of battery cells have shown minimal fluctuations, with several manufacturers citing stable demand as a reason for maintaining current price levels.
Looking ahead, analysts predict that battery prices may continue to decline due to increased supply and competitive market dynamics. The report emphasizes that while battery prices have stabilized, the demand for lithium-ion batteries remains robust, driven by advancements in electric vehicle technologies.
Additionally, the InfoLink Consulting analysis suggests that battery prices may persist in their downward trajectory, influenced by ongoing demand in the market. The report highlights that the primary driving force behind these price changes is the robust competition among manufacturers and the constant innovation in battery technology.
In summary, the current situation in the electric vehicle battery market reflects a trend of decreasing prices, attributed to a combination of supply chain enhancements and competitive strategies among manufacturers.
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