For the first time, battery pack prices of less than $100/kWh have been reported. These were for batteries in e-buses in China. While these were the lowest reported price, the volume-weighted average price for e-buses in China was slightly higher, $105/kWh. Battery electric vehicle (BEV) pack prices are $126/kWh on a volume-weighted average basis.
China currently has only about 3.3GW of battery energy storage capacity but it has plans for massive expansion.
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JOLO DEVELOPERS Inc. 456 Solar Tech Park, Industrial District, Shenzhen 518000 China
