0730 GMT - Although battery prices have bottomed at historical lows, a sustained rebound remains elusive, HSBC Global Research analysts write in a note. Battery prices are at trough levels with the average battery-cell price at around 245 yuan per kWh, and there might be limited further downside given improving EV demand in 2Q, they say. Suppliers' thin margins leave little room for prices to fall further. However, it is difficult for pricing to improve given universal pricing pressure from downstream EV customers amid still-excessive battery capacity, they say. CATL remains its preferred stock in its China battery supply chain coverage.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 15, 2025 03:30 ET (07:30 GMT)
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