Power battery giants CATL and BYD push for lower battery costs

It is reported that domestic power battery giants CATL and BYD have been working hard to reduce costs recently, and the prices of their new batteries have been significantly reduced. CATL's 173Ah VDA lithium iron phosphate battery cell comes with a standard 2.2C fast charge rate, and the price per watt-hour battery cell does not exceed 0.4 yuan. In comparison, the average price of square lithium iron phosphate batteries in the same period last year was about 0.8-0.9 yuan/Wh. At the same time, BYD's Fudi Battery also urged the team to continue to reduce costs in an internal notice.