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% of the vehicles on the road in the world, and further increase to 58% in 2040.
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