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27 Nov
14:53

Li-ion battery pack prices decline to record low in 2023

Lithium-ion battery pack prices have resumed their downward trend in 2023, after an unprecedented increase in 2022, according to BNEF’s battery price survey. The research organisation said Monday pack prices are averaging $139 per kilowatt-hour this year, which is 14% lower than the $161/kWh price noted in 2022. This record low price is linked to lower raw material costs and component prices. As an example, the average price of battery-grade lithium carbona…
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