Lithium ion battery cell price

What you should know about this indicator
Lithium iron phosphate (LFP) and lithium nickel manganese cobalt oxide (NCM) are two types of rechargeable batteries commonly used in electric vehicles and renewable energy storage.
Sources and processing
This data is based on the following sources
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All data and visualizations on rely on data sourced from one or several original data providers. Preparing this original data involves several processing steps. Depending on the data, this can include standardizing country names and world region definitions, converting units, calculating derived indicators such as per capita measures, as well as adding or adapting metadata such as the name or the description given to an indicator.
At the link below you can find a detailed description of the structure of our data pipeline, including links to all the code used to prepare data across .
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Citations
How to cite this page
To cite this page overall, including any descriptions, FAQs or explanations of the data authored by , please use the following citation:
“Data Page: Lithium ion battery cell price”, part of the following publication: Hannah Ritchie, Pablo Rosado, and Max Roser (2023) - “Energy”. Data adapted from Benchmark Mineral Intelligence. Retrieved from /grapher/average-battery-cell-price [online resource]
How to cite this data
In-line citationIf you have limited space (e.g. in data visualizations), you can use this abbreviated in-line citation:
Benchmark Mineral Intelligence (2024) – with minor processing by
Full citation
Benchmark Mineral Intelligence (2024) – with minor processing by . “Lithium ion battery cell price” [dataset]. Benchmark Mineral Intelligence, “Lithium ion batteries prices”; Benchmark Mineral Intelligence, “Batteries prices by chemistry” [original data]. Retrieved April 29, 2025 from /grapher/average-battery-cell-price