EV makers pass soaring battery costs to consumers even as subsidy cuts bite

More and more automotive producers are increasing the prices for their electric vehicles (EVs) as a response to high lithium and cobalt prices, as well as reduced subsidies for consumers in 2022.

Battery raw materials costs a key headache
Key market participants have pointed out rising prices for battery raw materials’ prices as a key concern for automotive producers, especially with the...


Paul Lim

Carrie Shi

Siyi Liu

Zihao Li

January 24, 2022

09:03 GMT

Shanghai, Beijing, Singapore