Chinese EV firms face slower growth, as higher metal prices push up battery costs

//Chinese EV firms face slower growth, as higher metal prices push up battery costs

Chinese EV firms face slower growth, as higher metal prices push up battery costs

Rising metal prices that result in more expensive batteries could hurt growth at China’s high-flying electric vehicle (EV) makers.EVs are already more expensive than conventional cars because of high battery costs, and an increase in metal prices will force battery makers to raise prices and pass these on to carmakers and buyers, analysts said.“The trend of falling battery prices has reversed this year and it will probably continue over the next few year. Higher battery prices will be a big…

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By | 2021-12-12T02:00:11+00:00 December 12th, 2021|Business|Comments Off on Chinese EV firms face slower growth, as higher metal prices push up battery costs