Best 5 Cheap Lithium Battery Manufacturers in 2024

By Gerald, Updated on June 17, 2024

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Batteries are an integral part of electrical energy. Not only do these store energy, but they also deliver power to the appliances. In recent years, an increased demand for electric vehicles has created the need for new-age batteries like lithium. Many emerging manufacturers are producing cheap lithium batteries for various electrical purposes. The purpose is to reduce the cost of electric devices like EVs, Solar systems, and daily use devices. This article will explore manufacturers making cheap lithium batteries that are affordable and reliable for powering your devices.

Part 1. What determines the price of lithium batteries?

Many factors collectively determine the lithium battery price. Each process adds to the price of lithium batteries from raw materials to the seller. Let’s discover why it is always hard to produce cheap lithium batteries.

Raw Material is the most important and deciding factor in the price of lithium batteries. Lithium, cobalt, and graphite prices are high, contributing to the total lithium battery price.
Manufacturing Process is another factor that determines the price. Suppose a manufacturer produces batteries at a larger scale. In that case, the manufacturing cost can be lower than that of small-scale manufacturing. Therefore, large-scale manufacturers often provide cheap lithium batteries.
Supply and demand determine the prices of lithium batteries. An increased demand causes a shortage of the product, and as a result, price increases. On the contrary, high production and low selling will provide cheap lithium batteries.

Part 2. Types of lithium batteries

Lithium batteries come in many types and have different characteristics. However, there are three common types of lithium batteries as follows.

Lithium-ion (Li-ion) Battery

Lithium is a rechargeable battery that utilizes ions to move during the charge and discharge process. It has a very high energy density and a high-efficiency battery. It is ideal for low-weight devices, like laptops, mobile phones, power tools, RCs, wearable devices, etc.

Lithium Polymer (Li-Poly) Battery

A lithium polymer battery utilizes polymer electrolytes instead of liquid electrolytes. It is a semisolid battery with a compact and high energy density. Mostly used in mobile devices, drones, RC vehicles, and medical equipment.

Lithium Iron Phosphate (LiFePO4) Battery

This type of battery utilizes iron and phosphate instead of nickel and cobalt. It provides energy at a specific rate, which is best for a long lifespan. The size and weight of these batteries are greater than those of other lithium batteries. However, it is compensated in the form of cheap lithium batteries.

Part 3. Which lithium battery is the cheapest?

As discussed earlier, lithium batteries come in many types according to build material and characteristics. Many high-density batteries utilize costly materials like nickel-cobalt-aluminum (NCA) or nickel-manganese-cobalt (NMC), making a pricy choice. If you are looking for cheap lithium batteries, these can be expensive on your budget. On the other hand, lithium iron phosphate ( LiFePO4) batteries are cheap due to their iron and phosphate usage. LiFePo4 batteries are bulky compared to Li-ion or Li-poly but can deliver constant energy for a long time. Therefore, if you are looking for cheap lithium batteries, lithium iron phosphate maybe a better chioce.

Part 4. Are cheap lithium batteries bad?

Cheap lithium batteries are not inherently bad, but they often come with trade-offs and potential risks. Here are some key points to consider:

Pros of Cheap Lithium Batteries

Cost-Effective: They are more affordable, making them accessible for budget-conscious consumers.
Sufficient for Low-Demand Applications: For devices that don’t require high performance or long battery life, cheaper options may be sufficient.
Availability: Easier to replace due to lower costs, leading to minimal impact if they need to be replaced frequently.

Cons and Risks of Cheap Lithium Batteries

Quality Control: Lower-priced batteries may suffer from inconsistent manufacturing standards, leading to potential defects or performance issues.
Shorter Lifespan: They typically have a shorter lifespan and fewer charge cycles compared to higher-quality batteries.
Safety Concerns: There is a higher risk of issues such as overheating, swelling, and even fires if the batteries do not meet strict safety standards.
Lower Performance: They may have lower energy density, meaning they store less energy and may discharge more quickly under load.
Warranty and Support: Cheaper batteries often come with limited or no warranties, and support from the manufacturer may be minimal or non-existent.

Considerations When Buying Lithium Batteries

Reputable Brands: Opt for well-known brands with good reviews and a track record of reliability.
Certifications: Look for batteries that have passed safety certifications like UL, CE, or RoHS.
Reviews and Ratings: Check user reviews and ratings to gauge the real-world performance and reliability of the batteries.
Intended Use: Consider the specific requirements of your device. High-drain devices may require higher-quality batteries to perform optimally.

While cheap lithium batteries can be suitable for certain applications, they often come with increased risks and reduced performance. Weighing the pros and cons and considering the specific needs of your device can help you make a more informed decision. Investing in higher-quality batteries from reputable manufacturers can provide better safety, performance, and longevity in the long run.

Part 5. Where and how to buy cheap lithium batteries?

If you want to buy cheap lithium batteries for any purpose, we suggest three ways to get affordable ones.

1. Online Purchase

Nowadays, it is the most common way to purchase anything online. Online market websites like Amazon, eBay, and Alibaba offer almost every battery at discount rates. Moreover, buying from the manufacturer’s website can provide original and cheap lithium batteries. However, when purchasing online, you should consider brands, models, capacity needed, and seller’s rating.

2. Wholesale Supplier

Direct contact with an authorized wholesale distributor can offer cheaper lithium batteries than retail channels. However, finding a wholesale distributor is often difficult and far from your location.

3. Local Battery Store

The third way is visiting the local market and finding a trusted seller. You can get cheap lithium batteries by visiting 4 to 5 local sellers. Compare their prices and choose a shop that sells at the lowest price. A local battery store can also save some money on transportation expenses.

Part 6. 5 cheap lithium battery manufacturers

Here are the 5 manufacturers selling cheap lithium batteries with better build quality and long life cycles.

1. Ufine Battery

ufine

Ufine Battery is a leading Chinese manufacturer that ranks first in providing high-quality and cost-effective batteries. It offers various batteries in different chemistries with battery customization services.

They specialize in the production of lithium polymer batteries, 18650 batteries, lithium iron phosphate batteries, and various high-temperature and low-temperature batteries, curved batteries, ultra-thin batteries, etc. Most importantly, it is a custom manufacturer that can customize lithium batteries of different sizes, chemistries, capacities, and voltages according to customer needs. As it has a large number of customers around the world, its product prices have scale advantages. So if you want cheap lithium batteries, you must go for Ufine Battery.

2. CATL

catl

Contemporary Amperex Technology, or CATL, is the second manufacturer to provide cheap lithium batteries. It was founded in 2011 and soon proved to be a trusted manufacturer of lithium batteries for electric vehicles, energy storage, and smart devices. CATL CTP LFP, CATL LFP Blade, CATL LFP Power, and CATL LFP Energy are not only cheap lithium batteries but also trusted and high-selling models.

3. Pylontech

Pylontech was founded in 2009 as a dedicated battery energy storage system (BESS). They are expert in electrochemistry and powering electronic devices. So, Pylontech is now establishing itself as a global leader in providing energy storage systems. Pylontech US2000, Pylontech US3000, and Pylontech US5000 are cheap lithium batteries with ESS technology.

4. PLB ( Power Long Battery )

plb

Power Long Battery is another manufacturer providing cheap lithium batteries. It is a professional and rich experience battery manufacturer with two battery manufacturing centers for 26650 batteries and lithium battery packs. They do not compromise on the quality of the product but keep the prices affordable for everyone’s reach. You can choose PLB batteries, which are well-recognized worldwide and highly praised domestically.

5. BAK Power

bak

BAK Power is a Chinese manufacturer of lithium-ion batteries and energy storage solutions. They have launched many cheap lithium batteries like BAK-1200, BAK-2000, and BAK-3000, which are useful for energy storage systems and powering electric vehicles. BAK Power is developing a global reach and wants to become a responsible international community partner. It also recently announced that it would enhance the production of its N21700CH-58E high-capacity cheap lithium batteries to expand in the market.

Part 7. FAQs

What is the average lifespan of a cheap lithium battery?

Cheap lithium batteries, particularly LiFePO4 models, can span 2,000 to 5,000 charge cycles or 5 to 10 years of typical use, depending on the quality and usage patterns.
Are cheap lithium batteries safe?

If you have bought a cheap lithium battery from a reputable manufacturer, ensure their products meet strict safety standards and undergo rigorous testing. It would be safe to go for cheap lithium batteries. However, it’s important to purchase from reliable sources and follow the manufacturer’s recommendations for safe usage and handling.
How long do cheap lithium batteries last?

The lifespan of a lithium battery always depends on the build quality and manufacturer’s recommendations. Moreover, factors like usage patterns, storage conditions, and charging methods also contribute to the overall lifespan of lithium batteries.
How do I properly dispose of cheap lithium batteries?

All lithium batteries should be recycled or disposed of following local regulations. Many battery retailers and manufacturers also offer recycling programs to ensure proper and environmentally responsible disposal.
What’s the warranty on cheap lithium batteries?

Warranty periods can vary from one manufacturer to the other. You should compare warranties between brands before purchasing.