China Discovers Record Low Tariff of $0.051/Wh in Battery Storage Auction

Battery manufacturers like CATL, BYD, Sungrow, and Envision Energy participated in the auction

July 1, 2025

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China Energy Engineering Corporation’s (CEEC) auction for 25 GWh of lithium-iron-phosphate (LFP) battery systems resulted in a record-low quoted tariff of CNY 0.37/Wh (~$0.051), a 30% year-over-year decrease from 2024.

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Arjun Joshi

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China Discovers Record Low Tariff of $0.051/Wh in Battery Storage Auction

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