Miao Wei, deputy director of the Economic Committee of the CPPCC National Committee: the cost of power battery system has decreased by 41% in five years

Miao Wei, deputy director of the Economic Committee of the CPPCC National Committee, said at the forum of the 8th China electric vehicle hundred people’s Congress today that from 2017 to 2021, the density of China’s ternary power battery system has increased from 143.4wh to 206wh, the density of lithium iron phosphate battery system has increased from 117wh to 167.4wh, and the cost of power battery system has been reduced from 1.43 yuan / kWh to 0.84 yuan / kWh. Over the past five years, the energy density of China Shipbuilding Industry Group Power Co.Ltd(600482) battery system has increased day by day, and the battery cost has gradually decreased.