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Chinese lithium prices hit records as EV sales take off; nickel at 7-year high

Green Car Congress

Chinese lithium carbonate prices soared in 2021, due to a surge in demand for lithium iron phosphate (LFP) batteries in the country, according to the end-of-year analysis by Benchmark Minerals Intelligence. Cobalt prices also hit a three-year high during the year.

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Roskill: graphite prices still rising on high Chinese electricity costs

Green Car Congress

Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. Meanwhile, prices for 94% C medium flake remained flat until July but have since risen by 15%.

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Chinese EV leaders BYD and NIO achieve record EV sales as price war looms

Electrek

Several leading Chinese EV makers, including BYD and NIO, posted strong sales results this week. NIO hit a new record in Q3, while BYD continued its dominant streak with record-breaking EV sales in September. more… The post Chinese EV leaders BYD and NIO achieve record EV sales as price war looms appeared first on Electrek.

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Benchmark: lithium prices continue to rise

Green Car Congress

Lithium prices continued to rise in November, with Chinese battery-grade prices surpassing the RMB 200,000/tonne (US$31,395/tonne) mark, according to Benchmark’s Lithium Price Assessment. Source: Benchmark Mineral Intelligence.

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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. However, BYD’s delivery estimates for 2024 are a third of 2023’s sales growth, which was 62.3%. In February, it slashed the prices of all its vehicles between 5% to 20%.

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Tesla signs truce with Chinese Automakers to end EV price war

Teslarati

Tesla and 16 Chinese automakers signed a truce ending the EV price war. The car manufacturers pledged to avoid abnormal pricing in China and maintain fair competition. Adhere to industry rules and regulations, regulate marketing activities, maintain fair competition, and not disrupt fair competition with abnormal pricing.

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TikTok Could Sway Young People Toward Chinese EV Brands

The Truth About Cars

While American politicians love to harp about TikTok’s Chinese owners and the national security issues that could bring, it may also be true that they worry that the platform is influencing an entire generation with quick hits of liberal political thought and economic theory. and 58 percent of them said they’d seen Chinese EVs on the app.

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