The price of nickel increased, a raw material for Electric Vehicles Lithium Battery
On March 11, According to CCTV financial report: the price of nickel has exceeded the US 100000 per ton mark. Morgan Stanley estimates that the soaring nickel price could increase the production cost of an electric vehicle by 1000, about 6323 yuan.
Data show that in recent years, the scale of the global lithium battery market has been rising. It will be about US 44.2 billion in 2020 and is expected to rise to US 94.4 billion by 2025. The main driving force for the growth is the strong demand for electric vehicles. By 2025, electric vehicles are expected to account for 10 percent of the vehicles on the road in the world, and further increase to 58 percent in 2040.
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Tags: electricvehicleevcharging