The procurement exercise has attracted 67 battery energy storage companies but only six have emerged as winners. The average bid stood at CNY 0.473/Wh ($65/kWh). From ESS News Public procurements in China continue to demonstrate exceptionally low price levels for lithium-ion phosphate (LFP) battery energy storage systems (BESS).
From ESS News Public procurements in China continue to demonstrate exceptionally low price levels for lithium-ion phosphate (LFP) battery energy storage systems (BESS). In the latest tender, more than 80% of bidders quoted prices below CNY 0.5/Wh ($69/kWh), highlighting the fierce competition in the world’s biggest BESS market.
The tender specifies that lithium iron phosphate (LFP) battery cells with a nominal capacity of more than 280Ah must be used, achieving an overall system efficiency of more than 85%.
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By Emil Jafarli The procurement exercise has attracted 67 battery energy storage companies but only six have emerged as winners. The average bid stood at CNY 0.473/Wh ($65/kWh). Public …
The price of Lithium Iron Phosphate (LFP) battery cells for stationary energy storage applications has dropped to around $40/kWh in Chinese domestic markets as of November …
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In what is described as the largest energy storage procurement in China’s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented …
New York, December 9, 2025 – lithium-ion battery pack prices have dropped 8% since 2024 to a record low of $108 per kilowatt-hour, according to latest analysis by research provider …
The procurement exercise has attracted 67 battery energy storage companies but only six have emerged as winners. The average bid stood at CNY 0.473/Wh ($65/kWh).
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