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Due to multiple factors such as the company seizing market share, slowing demand growth, and complex economic situation, China's battery prices have been consistently declining since the beginning of this year. With a price reduction of over 20% this year, the industry has entered a comprehensive loss state in the fourth quarter. Industry experts pointed out that at present, the battery industry is undergoing a severe reshuffle process, and the company should prevent Cut throat competition to maintain the benign development of the industry.

Further price reduction to declare comprehensive industry losses

Since the beginning of this year, battery prices have been consistently declining. Taking 48 volt 12 ampere hour batteries as an example, first tier brands such as Tianneng and Chaowei have reduced their price from 410 yuan for a set of four at the beginning of the year to 360 yuan in September, and by mid November, it has also dropped to 340 yuan, with lower prices in some regions of Henan and Shandong. The second tier brands have dropped from nearly 400 yuan at the beginning of the year to 320 yuan.

Zheng Wei, General Manager of Changxing Nuoli Power Supply Co., Ltd., told reporters that according to the current situation, small companies may still be able to survive for some time through certain methods of scraping the edge, while medium-sized companies can no longer afford losses, and large companies may face even more difficult times.

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