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average LFP battery system price per 50kW in China
CATL has new rectangular LFP batteries. The LFP EV battery price will be less than $56 per kWh within six months. It is a bigger rectangular battery with each one being like six Tesla batteries. The LFP battery price in China is currently $70 per kWh. China’s EV makers (CATL, BYD) are targeting two 0.1 rmb drops ($14 per kwh each).
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