Search Battery Reports

Overview

…cape. Global battery prices at the pack level decreased 9% to a record low of $108/kWh, with China LFP pack costs around $84/kWh (down 13% year-on-year), while pack costs remained materially higher in the US 44%) and Europe 56%) due to localization costs, manufacturing inefficiencies, and tariffs.…

Notable Events

…d approximately 75% of the facility TENER technology China proposed export restrictions on LFP, Honda started test production on its BYD launched its first EV in Korea Nissan Motor announced plans to LMFP, DLE, spodumene processing solid-state battery de…

Notable Events

… LFP battery at Super Tech Day. LGES agreed to acquire GM's stake in their Samsung SDI cut share sale price 14% as US Archer Aviation unveiled eVTOL air taxi US installed BESS…

Notable Events

…lements to receive up to $320M in Li-Cycle filed for bankruptcy protection in GM pivoted to LFP in US factories with LGES and collapse of its largest customer, Lilium. Polish government grants to build Li-ion Canada and US, receives financing and bid Samsung SDI …

Notable Events

… mass production of worldʼs COBCO started EV battery material production Samsung SDI to install LFP production lines midsize sedan with 545 km range, starting at first 1,175 Ah cell, targeting LDES in Morocco. to their U.S. plants. $15,270 …

Notable Events

…ttery tech introducing a super Work Truck set a world record, driving to build a plant for LFP CAM for ESS & global battery producer to initiate large-scale fluidized inorganic electrolyte delivering 57 1,059.2 miles on a single charge and expand beyond its NCMA and NCA focus…

Notable Events

… Week 4 U.S. Immigration and Customs Enforcement CATL unveiled Shenxing Pro LFP, long life & InoBat received 54M€ funding, from Spanish LG Chem announced a supply agreement ICE took nearly 300 Korean skilled workers long range battery for Europe. The first LFP …

Notable Events

…n Gdańsk, Poland, the largest Battery Energy recycling. precursor for ternary cathode materials, LFP Storage System BESS) manufacturing facility Gen 4 and battery & CAM equipments. in Europ…

Notable Events

… plant with up to $14 billion with Jupiter Power for Na-ion BESS. supply 46xx format LFP & LMFP cells to VW years. investment (including hybrids). starting in 2026. LG Chem sign…

Notable Events

… Ford canceled $6.5B battery supply contract LGES acknowledged $9.6B in US deals lost in LFP gigafactory in Spain, training 4000 local SK JV Ford takes full ownership of with LG Energy Solution. December Ford cancelled $6.5B, Freudenberg workers. …

Industry Value Chain

…hain Criticality Chinese Companies Have the Largest Market Share for Critical Battery Materials LFP cathode and graphite anode are the most critical materials in the supply chain GLOBAL MARKET SHARE FOR KEY BATTERY MATERIALS …

Industry Value Chain

… LFP CAM. Source: Content & analysis provided by CRU Group Distinguished Partner). For more information, visit crugroup.com BATTERY REPORT 2025 | 29

Industry Value Chain

… products: larger cell capacities etc. ● Very strong pipeline of ESS projects However, LFP cell and cathode inventories have reached alarming highs, and the longer it goes on, the more pronounced the drawdown will be. Source: Content & analysis provided by CRU Group Distinguished…

Industry Value Chain

… ● Diversifying into LFP and BESS, capturing the booming demand for both, while capitalising on…

Industry Value Chain

… Industry Value Chain | Strategic Positioning Korean-origin Companies are Diversifying into LFP & BESS Source: Content & analysis provided by CRU Group Distinguished Partner). For more information, visit crugroup.com BATTERY REPORT 2025 | 33

Industry Value Chain

… 04/2025 LFP CAM LITHIUM ELECTROLYTE SEPARATOR ACTIVE …

Industry Value Chain

…Partnerships, but Also Cancellations Common themes: securing supply outside China, and scramble for LFP Securing Chinese domestic LFP CAM to Securing ex.China LFP CAM for new …

Industry Value Chain

… solid-state battery joint India with an Initial capacity in France with an Initial LFP battery packs for ESS 80% of workforce venture with SAIC of 1.5 GWh capacity of 16 GWh Source: Panasonic; Nextstar; E…

Finance

…ebt Series 1 Equity Clean energy storage and US-based LFP production For Northvolt asset Manufacturing lithium ion North Americaʼs first cobalt Advanced battery material critical minerals …

Costs

… ● LFP packs, $81/kWh, were significantly cheaper than …