Lithium battery price developments for EU market

Recently some of our partners asked about the price developments of LiFePO4 batteries on the European market. 

From May 2014 to September 2014 the US dollar has increased its value by nearly 8%.  This means the raw price of imported goods from China against original pricing in Euro has increased significantly.

In addition to raw costs of goods, there are more costs based on USD currency: shipping and logistic costs, insurance for sea cargo, bank fees and currency operation cost. All of these costs multiply the raw change of the USD/EUR value of the goods. As a result there is a total shift of operation costs in EURO up to approx. 10%.

In addition, the manufacturing costs in China keep increasing as previously explained in these articles:

RMB vs USD…… What does it mean for you?

Lithium battery price to further increase in 2013 and beyond

FAQ: What is the recent price development for the lithium batteries?