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Lithium battery prices will not fall until 2024

Lithium battery prices will not fall until 2024


According to many data statistics companies, predicts that the price of lithium-ion batteries will not fall until 2024 because of rising metal prices, surging demand for electric vehicles and China's near-monopoly on the industry. The analysis group compiled a list of clean technology trends to 2022 and said that on current green hydrogen project schedules, the world is expected to have a shortage of energy storage media by 2025. 

Just recently, some brands raised prices on their Powerwall home battery systems.

In spite of higher panel prices, rooftop battery packs for homes and businesses remain competitive because they compete against retail electricity prices rather than the wholesale tariff levels that utility-scale projects must face.

Now many countries are facing extreme energy shortages, electricity bills have risen several times, but blackouts are still more than 10 hours a day, that’s why lithium batteries are the primary energy choice for more and more people,to help them reduce their dependence on the public grid, generate energy from free solar energy on a daily basis, and store excess energy in batteries for emergency use.      

MeritSun always care for global energy needs, with higher demand grows we hope to offer more support to you all over the world, brind the affordable and green energy into everywhere of our life. 

We are looking for global partners,welcome you come and join us now! 

by Vitamin Li

MeriTech Power Limited

MeriTech is a professional LiFePo4 battery manufacturer since 1999, focus on alternative smart energy storage application. We produce Cells, house made BMS,module and integrated system solutions. 23 years, we do only one thing, Energy Storage Battery.We proud of excellency : 100+R&D teams, 1368 employees, 48 fully automatic productions lines,150,000 square meters factory.

MeritSun, The Best Power in the SUN.

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