Pack-level prices for the most-sold battery chemistries have been below the often-referenced $100/kWh benchmark in China since October 2023, and LFP pack prices are now at $75/kWh. At that price, EVs can be priced at or below combustion cars in most vehicle segments, marking a huge shift.
[pdf] NamPower, Namibia's state-owned power utility, has signed a contract with a Chinese joint venture to build the first utility-scale battery energy storage system (BESS) in the country and the Southern African region.
[pdf] In a battery with a balancing circuit, the circuit simply balances the voltages of the individual cells in the battery with hardware when the battery approaches 100% SOC – the industry standard for lithium iron phosphate is to balance above a cell voltage of 3.6-volts.
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