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According to the latest analysis released this week by BloombergNEF (BNEF), the volume-weighted average price for lithium-ion battery packs has fallen 8% from 2024 levels to a record low of $108 per kilowatt-hour (kWh). . IMARC Group's report, titled “Battery Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue,” provides a complete roadmap for setting up a battery manufacturing plant. It covers a comprehensive market overview to. . Battery pack costs drop to record low of $108/kWh as industry matures beyond raw material price volatility Sommart/iStock / Getty Images Plus For the better part of a decade, the battery industry has taken for granted that when the prices of lithium and cobalt spike, pack prices inevitably follow. . Lithium ion battery costs range from $40-140/kWh, depending on the chemistry (LFP vs NMC), geography (China vs the West) and cost basis (cash cost, marginal cost and actual pricing). This data-file is a breakdown of lithium ion battery costs, across c15 materials and c20 manufacturing stages, so. . James Eaton, CEO of IONETIC, discusses the evolving landscape of EV battery pack development and production, focusing on the challenges facing low-volume manufacturers. Lithium-ion batteries cost $100-$400/kWh, while nickel-based packs range $200-$600/kWh. Thermal management systems and custom shapes add 15-40% to base. .