Lithium-ion battery pack prices fall 20% in 2024 amidst ‘fight for market share’
Source：Energy Storage News
Inside Northvolt’s first gigafactory, Northvolt Ett, in Northern Sweden. Global battery prices have fallen substantially since it started operations. Image: Northvolt.
Global average lithium-ion battery pack prices have fallen 20% to US$115 per kWh this year, going below US$100 for electric vehicles (EVs), BloombergNEF said.
The 20% drop is the biggest annual fall since 2017, the clean energy market intelligence arm of media company Bloomberg said in its annual Lithium-Ion Battery Price Survey, which found a 14% fall last year.