How much does a lithium ion forklift battery cost?

The average price for a lithium-ion forklift battery is roughly $17-20k (about 2-2.5x more than a similar lead-acid battery). For that higher upfront price, an operation will save money on:

Who makes lithium phosphate batteries for electric forklift trucks?

JB BATTERY: Offers a wide range of lithium iron phosphate (LiFePO4) batteries for electric forklift trucks, each engineered to deliver a high cycle life. Crown Battery. Based in Fremont, Ohio, Crown Battery produces Li-ion batteries alongside other products like deep cycle, starter, and lead-acid batteries, for various industries.

How long do lithium ion forklift batteries last?

Lithium-ion forklift batteries last longer than lead-acid batteries. Whereas a lead-acid battery might last 1,500 cycles under good maintenance, a lithium forklift battery lifespan can last between 2,000 and 3,000 cycles. Lithium-ion forklift batteries are more expensive than lead-acid.

How many lithium ion batteries do you need for a forklift?

So, you may need 2 to 3 lead-acid batteries per forklift for a multi-shift operation or you’ll experience downtimes. A lithium-ion forklift battery gets fully charged in 2 hours or less and does not require a cooling-off period. Plus, you can charge your Li-ion battery in 15-30-minute spurts, called opportunity charging.

Are lithium-ion forklift batteries a good investment?

For some operations, especially food processing, 3PL and other multi-shift applications, lithium-ion forklift batteries provide that extra edge by reducing labor costs and improving productivity. In the material handling industry, productivity and efficiency are two important keys to success.

Are LTO batteries good for a forklift?

However, due to the high cost of the battery, very few users choose it for forklifts. LTO (Lithium Titanium Oxide) batteries maintain their performance in both extremely low and high-temperature environments. LTO batteries are not only able to charge very fast but also more stable in terms of safety, but the cost of LTO batteries is high.