O price of lithium ion batteries fell around 14% throughout this year and reached its lowest value in history: US$ 139 per kWh, according to a study published by BloombergNEF, this Monday (27).
The fall would have been driven by reduction in prices of raw materials and their components, due to the fact that production capacity has increased in all parts of the value chain and also due to the demand growth have fallen short of industry expectations.
In 2022, the price of lithium-ion batteries on the international market was US$ 161 per kWh. According to research, since 2013 the value of technology has recorded a reduction of more than 80% in its value.
The company also points out in its study that continued investment in R&D (Research and Development), as well as improvements in manufacturing processes and expansion of capacity throughout the supply chain, will help to improve battery technology and further reduce costs. technology costs over the next decade.
“BloombergNEF expects next-generation technologies such as silicon and lithium metal anodes, solid-state electrolytes, new cathode material and new cell manufacturing processes to play an important role in enabling further price reductions,” the research concludes.
Average price of lithium-ion batteries per year
Year | Value per kWh |
2013 | US$ 780 |
2014 | US$ 692 |
2015 | US$ 448 |
2016 | US$ 345 |
2017 | US$ 258 |
2018 | US$ 211 |
2019 | US$ 183 |
2020 | US$ 160 |
2021 | US$ 150 |
2022 | US$ 161 |
2023 | US$ 139 |
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