Di Yi Cai Jing·2025-10-21 09:21Group 1 - The price range for square lithium iron phosphate energy storage cells is reported, with 100 Ah priced at RMB 0.340-0.410 per watt-hour, averaging RMB 0.375; 280 Ah priced at RMB 0.260-0.335, averaging RMB 0.298; and 314 Ah priced at RMB 0.260-0.340, averaging RMB 0.300 [1] - Demand for energy storage cells in China is strong, with prices remaining high; the 280 Ah cell price is stable, while 100 Ah and 314 Ah cells have seen slight increases [1] - Major manufacturers are expected to maintain high production levels until January-February 2026, with actual transaction prices stabilizing at high levels [1] Group 2 - Demand is driven by domestic GWh-level project deliveries and rapid order releases from overseas integrators; over 50 GWh of energy storage cells are expected to be delivered by mid-2025, with over 50% of exports [2] - The supply side is transitioning from 300+ Ah to 500+ Ah and larger capacity products, leading to increased supply tightness for mainstream 300+ Ah cells [2] - Rising prices of upstream materials, such as electrolyte and petroleum coke, are supporting cell costs; the fourth quarter sees a concentration of grid connection deadlines, and overseas markets remain stable despite uncertainties in the US [2] Group 3 - Contemporary Amperex Technology Co., Ltd. (CATL) is experiencing saturated production capacity and is accelerating expansion efforts, particularly for the 587 Ah product, which is expected to increase its market share [2] - Global energy storage cell shipments are projected to reach 240.21 GWh in the first half of 2025, a year-on-year increase of 106.1%, with the second quarter alone reaching 136.78 GWh, surpassing the previous peak [2]