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What Are The Implications Of $66/kWh Battery Packs In China?

27 Dec 2024 | Abstracted from CleanTechnica

"Power Construction Corporation of China drew 76 bidders for its tender of 16 GWh of lithium iron phosphate (LFP) battery energy storage systems (BESS), according to reports. Bids averaged $66.3/kWh, with 60 bids under $68.4/kWh.

"A full BESS price of $66 per kWh is going to be a bit higher for an EV battery pack...China will also put those battery packs into Chinese built EVs and ship them overseas...undercut western car manufacturers significantly even with tariffs."

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