Demand for large capacity battery storage cells goes strong as prices continue to slide

The analysis from Taipei-based intelligence provider TrendForce finds that the average price for lithium iron phosphate (LFP) energy storage system cells continued to slide in August, reaching CNY 0. 35/Wh ($0. 049/Wh). Meanwhile, demand for large capacity cells continued to grow at a steady pace. From ESS News As prices of raw materials continue to fall, battery cell costs are facing downward pressure. Following a drop in the price of battery-grade lithium carbonate below CNY 90,000/ton ($12,654/ton) in July, a new historic low was set in August as the price further declined below CNY 80,000/ton, ...

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