Morgan Stanley warns that nickel price surge could add $1k to electric vehicle costs
Teslarati
MARCH 9, 2022
Several reasons are behind nickel’s price surge, which saw the material go up 250% in the past two days, though it is believed that a driving factor is Russia’s ongoing invasion of Ukraine. . Tesla is already doing this with its vehicles that are equipped with lithium iron phosphate batteries (LFP) batteries.
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