Buying new energy sources may be more expensive next year. Many battery manufacturers have issued price increase notices.

Affected by multiple factors such as the rising cost of upstream raw materials and the surge in demand for end products, many leading lithium iron phosphate battery companies have recently issued price increase notices.Hunan Yuneng recently issued a notice stating that starting from January 1, 2026, the processing fee for the full range of iron-lithium products will be increased by 3,000 yuan/ton (before tax) on the existing basis. If there are major fluctuations in the market or raw material prices in the future, product prices will be renegotiated.

The company stated that the price increase is mainly due to the shortage of products (especially new product series) and the cost pressure caused by rising raw material prices. Currently, the price increase negotiations with customers have made good progress.

Degas Energy also issued the "Announcement on Price Adjustment of Degas Energy Battery Series Products" on the 9th, stating that it has decided to adjust the selling prices of battery series products.Starting from December 16, 2025, the selling price of battery products will be increased by 15% based on the current list price.

Longpan Technology is currently actively negotiating price increases with downstream customers. Although the specific price increase range and time have not yet been clarified, company staff confirmed that the industry's price increase trend is obvious, and the future price trend is relatively optimistic.

Regarding this round of price increases, industry insiders pointed out that lithium carbonate is the core raw material of lithium iron phosphate battery products. For every 10,000 yuan/ton increase in its price, the cost of lithium iron phosphate cathode materials increases by approximately 2,300-2,500 yuan/ton.

In 2025, the price of lithium carbonate will break through new highs many times, inventories will continue to be depleted, and the imbalance between supply and demand will lead to significant cost transmission pressure.

At the same time, the rising prices of upstream raw materials such as sulfur and sulfuric acid have driven up the cost of products such as phosphoric acid, monoammonium and ferrous iron, further pushing up the production cost of lithium iron phosphate.

In terms of supply and demand, in the field of lithium batteries for energy storage, lithium iron phosphate accounts for more than 90%, and first- and second-tier energy storage cell manufacturers continue to be at full production and sales.

Moreover, domestic lithium iron phosphate batteries account for 81.5% of vehicle installations in the power battery field. The new energy vehicle market is currently in its traditional peak season.Orders from leading companies have been scheduled until 2026, and the operating rate of some companies exceeds 100%. Lithium iron phosphate batteries are in severe short supply.

It is foreseeable that in the next period of time, the price increase trend of lithium iron phosphate batteries will not be adjusted in the short term. For consumers, the price of buying a car next year may also be more expensive.