This week, power battery cell prices remained stable. According to SMM data, the cost of 5-series prismatic ternary power battery cells was 0.47 yuan/Wh, while the cost of prismatic LFP battery cells was 0.35 yuan/Wh. The effects of the trade-in policy in November continued to manifest, further releasing car purchase demand. NEV sales in November reached 1.512 million units, up 47.4% YoY. From January to November, NEV sales totaled 11.262 million units, up 35.6% YoY. Since June this year, the domestic sales share of new energy passenger vehicles has exceeded 50% for six consecutive months. At year-end, end-use demand was robust, and power battery cell production schedules increased. In November, ternary power battery cells rose 7% MoM, while LFP power cells rose 11% MoM. With cost advantages, LFP battery cells continued to capture market share from ternary cells. Regarding power PACK, PACK prices remained stable this week.
[SMM Analysis] Power Battery Cell Prices Remain Stable, Supply and Demand Improve
- Dec 19, 2024, at 9:48 am
- SMM
This week, power battery cell prices remained stable.