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ENE TECH Blog

Lithium-ion battery packs (LIBs) have become the backbone of modern technology, powering everything from smartphones to electric vehicles. In recent years, China has made significant strides in the manufacturing of lithium-ion battery packs, becoming a major global producer and exporter.
The rapid development of new energy vehicles (NEVs) has propelled power batteries, a crucial component, into the spotlight, with cost and performance being key considerations. Among the battery options, lithium iron phosphate (LFP) batteries have emerged as a frontrunner due to their advantages of low cost and long lifespan. However, since 2023, a combination of factors has triggered a precipitous decline in LFP battery prices, exceeding 70%, sending shockwaves through the industry.
lithium battery cell from ene tech

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