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Battery cell prices fall to record low in September, says report

The weaker battery prices were led by lithium iron phosphate (LFP) cells, which dropped to $59 per per kilowatt hour (kWh) in September, based on weighted average prices.

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Why Are Lithium Battery Prices Falling? The decline in prices is attributed to several factors, including excess battery cell production capacity, economies of scale, low

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Prices in September 2025 reflected a combination of stable supply conditions and cautious purchasing behavior as buyers prioritized cost optimization and inventory control.

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The data includes an annual average and quarterly average prices of different lithium-ion battery chemistries commonly used in electric vehicles and renewable energy storage.

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About Lithium Iron PhosphateLithium Iron Phosphate Product DetailsLithium Iron Phosphate Production ProcessesMethodologyLithium iron phosphate is an inorganic grey-black coloured compound which is insoluble in water is widely used to make lithium-ion batteries because of its good electrochemical performance and lower resistance.See more on procurementresource Amazon

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