4-hour long-duration energy storage systems are becoming increasingly common, with prices now down to 0.6 yuan/Wh. For EPC projects, 2-hour energy storage systems still account for the vast majority, with prices falling to as low as 0.96 yuan/Wh, suggesting there is still room for further decline.
According to CNESA'' database in April, the average bid price of energy storage systems was 0.627 yuan/Wh, down 2% month-on-month and 50% year-on-year, and the winning price range was 0.557-0.864 yuan/Wh.
The price war in the domestic energy storage market is heating up! The winning bid price for lithium-ion batteries is as low as 0.363 yuan/Wh, a drop of nearly 40%. 314Ah battery packs have become the mainstream.
As of March 2025, the average price for industrial-scale lithium iron phosphate (LiFePO4) battery systems has hit ¥0.456 per watt-hour (Wh) in competitive bids [4]—that''s cheaper than some bottled water!
The latest data from the Starting Point Research Institute shows that on June 2, the average price of lithium iron phosphate square energy storage battery was 0.45 yuan / Wh, and the average price of square sodium battery energy storage battery was 0.69 yuan / Wh.
In fact, the average price dipped below 0.6 yuan per watt-hour in August. Currently, China''s energy storage battery production capacity is in a state of oversupply, making it difficult to avoid a price war. It is projected that battery
Cornex said they will sell a 280Ah energy storage battery for no more than 0.5 yuan/Wh (tax not included) by the end of the year. This price is not affected by changes in the price of lithium carbonate.
From a pricing perspective, institutional statistics show that the quote for 0.5C energy storage battery cells in May was approximately 0.276 yuan, while the average quotes for 2-hour and 4-hour energy storage systems were 0.55 yuan/Wh and 0.48 yuan/Wh, respectively.
This price is far below the market average, instantly making it the exhibition''s focal point and sparking energy storage industry discussion about marketing tactics and the ethics of mounting price competition.
The quotation range of lithium-ion battery energy storage systems was 0.398 - 1.395 yuan/Wh, with an average quotation of 0.56 yuan/Wh, a 16.4% decrease compared to October.
In fact, the average price dipped below 0.6 yuan per watt-hour in August. Currently, China''s energy storage battery production capacity is in a state of oversupply, making it difficult to avoid a price war. It is projected that battery prices will continue their gradual descent throughout the year.
