China sets off first train shipment of lithium-ion batteries
Nov 19, 2024 · A logo of CATL is seen in Guangzhou, Guangdong province on Nov 24, 2023. [Photo/VCG] China has kicked off the first rail transport of lithium-ion batteries by
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What's new in China's Lithium-ion battery industry?
BEIJING, June 19 -- China's Ministry of Industry and Information Technology on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote the high-quality development of the sector.
How much does a lithium-ion phosphate battery cost in China?
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.
How much does a battery energy storage system cost in China?
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 procurements in China continue to demonstrate exceptionally low price levels for lithium-ion phosphate (LFP) battery energy storage systems (BESS).
How much does a Chinese company bid?
The average bid of the first six candidates was 0.4730 yuan/Wh, while the bids of the three alternative companies were somewhat higher and stood at 0.4738 yuan/Wh, 0.486 yuan/Wh and 0.4784 yuan/Wh. The latest results follow in the footsteps of recent procurements which saw similarly low prices.
Should lithium-ion batteries be built on farmland?
No lithium-ion battery projects should be built on permanent basic farmland, "redline areas" for ecological protection or other areas where the construction of industrial enterprises is prohibited, the guidelines state.