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NMC battery storage cost breakdown in China 2025
Regional differences in utility and labor costs create a further imperative to address intensifying global cost competition. Lower utility and labor costs in China result in conversion costs for NMC pouch batteries of approximately $13 per kilowatt-hour (kWh), compared with $17 per kWh in the US and $22 per kWh in Germany. (See Exhibit 2.)
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