AS Published on Tuesday 24 May 2022 - n° 405 - Categories:electric vehicles
The success of electric vehicles is driving up the price of battery components
The rapid growth in demand for electric vehicles (EVs) leading to the purchase of energy storage systems has intensified the shortage of lithium batteries.The rapid growth in demand for electric vehicles (EVs), leading to the purchase of energy storage systems, has intensified the demand for lithium batteries, while prices for battery materials are even higher due to overbooking of components by manufacturers, according to Chinese media.
The industry is growing so fast that upstream material suppliers cannot meet the increasing demand, causing their prices to rise beyond acceptable levels.
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