China Leads Global Drop in 2023 Lithium-Ion Battery Prices

Following significant fluctuations in battery prices in 2022, the latest research from BloombergNEF reveals a 14% decrease in the cost of lithium-ion battery packs in 2023, reaching a historic low of $139 per kilowatt-hour. The annual battery price survey released by the organization exposes a new trend in the battery market as prices continue to […]