Future Trends in Lithium Battery Prices

At present, the domestic energy storage project manufacturers mainly focus on lithium-ion batteries, lead-acid batteries and liquid flow battery technology.

As of the end of 2015, China's energy storage project installed capacity of the top ten manufacturers, the largest number of lithium-ion battery manufacturers. The latest report shows that in the next 10 years, lithium-ion batteries will become the mainstream battery storage technology. Light weight, compact space and large storage capacity are the main reasons for the widespread use of Li ion batteries.In addition, compared with lead-acid batteries and sodium sulfur batteries, lithium-ion batteries can use anhydrous electrolytes. The use of anhydrous electrolyte can make the battery thinner, smaller and more energy intensive.

Although the cost of lithium-ion batteries is too high, is the biggest challenge facing the development of the industry, but many companies have been committed to improving the cost performance of lithium-ion batteries. Depending on the continuous improvement of the lithium battery industry chain in the field of new energy vehicles and power industry, the cost of lithium batteriesis declining.