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Chinese lithium carbonate prices soared in 2021, due to a surge in demand for lithium iron phosphate (LFP) batteries in the country, according to the end-of-year analysis by Benchmark Minerals Intelligence. Cobalt prices also hit a three-year high during the year.
Lithium prices continued to rise in November, with Chinese battery-grade prices surpassing the RMB 200,000/tonne (US$31,395/tonne) mark, according to Benchmark’s Lithium Price Assessment. Source: Benchmark Mineral Intelligence.
Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. Meanwhile, prices for 94% C medium flake remained flat until July but have since risen by 15%.
Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.
While cobalt prices have shown positive signs of late, there are nuances within the market which highlight the key fundamentals that will likely decide cobalt’s future price trend—which is taking its cues less and less from the industrial metal supply chain, according to a new report from Benchmark Mineral Intelligence.
Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.
In August 2019, CRU reported on the steady slide in prices that has occurred in the lithium market since the beginning of the year. Since then, prices have continued to fall, CRU notes. Lithium hydroxide has fallen by 30% to RMB 74,500/t, according to CRU’s price assessments. Although this marks an impressive 41.5%
We are very pleased to conclude our discussions with Yibin Tianyi and to sign another binding offtake agreement for SC6 to a Chinese converter. AVZ is responsible for funding expenditure to completion of a feasibility study and a decision to mine. —Nigel Ferguson, AVZ Managing Director.
READ MORE: Omoda and Jaecoo the latest new Chinese brands to take on BYD and GWM READ MORE: IM Motors locked in for Australian arrival as MG’s luxury arm READ MORE: Hating on Chinese EVs? The Zeekr 009 is on sale in Australia. It’s fabulous, but will anyone buy a $135,000 Chinese MPV? Bloody hell.
Chinese lithium and cobalt sulfate prices fell this month as strict COVID-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market. Prices for cobalt sulfate fell by 6%, according to Benchmark’s Cobalt Price Assessment. Consultancy Rho Motion now forecasts Chinese EV sales of 5.6
CRU analysts observe that lithium prices have steadily declined since the end of Q1, finally crashing through the $10/kg LCE mark at the end of July. While many are forecasting long-run prices for lithium in the mid-teens LCE, citing refinery bottlenecks and the potential for ramp-up delays in the mining and refining sector, CRU disagrees.
The 2025 Zeekr X small all-electric SUV has had pricing slashed up to $7000, with the entry-level RWD version now priced from $49,990 before on-road costs. The price cut extends to the flagship Zeekr X AWD that is now $2000 cheaper, now priced from $62,900 before on-roads. ” The post Now thats a price cut! .
Emphasising the advantage Chinese brands currently have when it comes to EV pricing in Australia, the tiny Hyundai Inster SUV is now on-sale from $39,000 plus on-road costs. It is also the cheapest non-Chinese EV sold in Australia today thanks to the departure of the current generation Nissan Leaf.
A Tesla executive managing the Australian and surrounding markets has detailed the company’s plans to move away from rapid pricing changes with the arrival of the new Model Y, especially as electric vehicle (EV) competition from other Chinese automakers arrives in Australia and surrounding markets.
Its extended-range version will sell at 229,800 RMB (US$32,900), the extended-range variant of the premium model will be priced at 255,800 RMB (US$36,600), and the 4WD high-performance version will sell at 279,500 RMB (US$40,000). The Han EV will be sold in China at first. The PHEV version, Han DM, will sell at 219,800 yuan (US$31,400).
Goldman Sachs slightly cut its 12-month price target for Tesla from $345 to $320, citing weaker-than-expected vehicle deliveries in key regions and demand challenges. Meanwhile, in China, CPCA data reveal that Tesla’s retail sales have seen a mid-single-digit decline year-over-year.
Several leading Chinese EV makers, including BYD and NIO, posted strong sales results this week. NIO hit a new record in Q3, while BYD continued its dominant streak with record-breaking EV sales in September. more… The post Chinese EV leaders BYD and NIO achieve record EV sales as price war looms appeared first on Electrek.
Emerging Chinese star XPeng will display both a Mona M03 medium hatchback and P7+ large family sedan at the Melbourne motor show as it assesses whether to sell either or both in Australia. The Mona M03 is a Tesla Model 3 rival that has already proved a hit in China, with almost 50,000 sales in its first four months on-sale.
Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan.
Having sent more than 20,000 vehicles to Latin America over the past 15 years, Yutong has become the leading Chinese bus supplier on the continent. Under the premise of continuing the vehicle operation, the buses can be charged at a lower price at night, reducing the cost of the client’s subsequent operation. Zhengzhou Yutong Bus Co.,
Leading Chinese car maker MG has joined the plug-in hybrid ute rush in Australia. A turbo-diesel U9 will be on-sale before the end of 2024, with the PHEV to arrive in 2026. Like MG, LDV – or Maxus as it is known in other markets – is a subsidiary of the giant Chinese SAIC Motor conglomerate. 2025 MG U9.
EV sales see a rise with over 8,000 electric cars sold in Australia in May, but with BYD and other Chinese car makers eating into Tesla's dominant market share. The post Price war helps electric vehicle sales rebound in May, as BYD eats into Tesla market share appeared first on The Driven.
Tesla and 16 Chinese automakers signed a truce ending the EV price war. The car manufacturers pledged to avoid abnormal pricing in China and maintain fair competition. Adhere to industry rules and regulations, regulate marketing activities, maintain fair competition, and not disrupt fair competition with abnormal pricing.
The new TTTech Auto branch in Shanghai will bring its expertise and the series proven safe vehicle software platform, MotionWise , to car manufacturers, Tier 1 suppliers and partners to the rapidly developing Chinese automotive market. They prefer experience and customer satisfaction through smart features over price.
NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.)
Chinese NEV maker BYD has rocketed to the top of Singapore’s car sales chart for 2024, beating out giants like Toyota and electric vehicle juggernaut Tesla. This represented a 153.62% sales increase from the 940 vehicles that it was able to sell in the city-state in 2023.
Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. Nio, Li Auto, and Xpeng all showed significant drops in both monthly and year-over-year sales comparisons in January after Tesla stroked demand by dropping prices by as much as 13.5
How Electrifying Transport and Chinese Investment are Playing Out in Indonesia —focuses on nickel as a critical mineral, but has implications for the broader minerals and materials supply chains needed for broad-scale energy transition. Global Nickel Trade and Chinese Dominance. The detailed report— Need Nickel?
When you think EVs in Australia, youre really thinking two brands, at least at the moment Tesla, which started the movement here and maintains a healthy sales lead. READ MORE: Seven day test: 2025 XPeng G6 Long Range — “I think I want one” 2025 BYD Sealion 7 price and equipment BYD Sealion 7 interior. SCORE: 3.7/5
Four days after XPeng Motors first unveiled its new P7+ EV, hailed as the “world’s first AI car,” the Chinese Automaker showcased it to the European public during the Paris Motor Show. Following the event, pre-sales of the P7+ began in China, and XPeng shared initial pricing.
Tesla China and BYD competition is reportedly tipping toward the Chinese automaker. Tesla China’s sales records are constantly compared to the country’s biggest NEV maker, BYD. In contrast, BYD’s lineup is extensive and has varying price ranges. However, Musk might not be that much of a factor.
BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. However, BYD’s delivery estimates for 2024 are a third of 2023’s sales growth, which was 62.3%. In February, it slashed the prices of all its vehicles between 5% to 20%.
The Chinese electric vehicle market has gotten a lot bigger in the past year as electric vehicles have gotten more and more competitive. As part of that, there have been occasional “price wars” in which automakers aggressively lower prices in order to reach sales targets even to the point.
2025 Jaecoo J7 SHS Review: New plug-in BYD Sealion 6 rival is a budget-priced PHEV choice Once depleted of charge, the J7’s 1.5-litre The Chinese car-maker has not disclosed how important the introduction of the new PHEVs will be but in other markets, like the UK, they now account for the majority of all sales.
Although the current 10-fold price spike of lithium is giving the electric vehicle market a sharp short-term shock, a study by a team from Tsinghua University indicates that it will not hinder transportation electrification in the long run. That made the cathode price increase by 140% for LiNi 0.8 —Sun et al.
1 & 2 – updated to reflect mathematical accuracy BYD has apparently been unfazed by Tesla’s dramatic price cut at the beginning of the year, as it has reported an 11-fold profit increase in Q4 year over year. BYD auto sales were the most significant success of the Chinese conglomerate. Update: 11:48 AM ET: para.
While the positive price environment during the year contributed to the record earnings that we published today, our long-term view of the lithium market, the investments we made in new capacity, the risk we took and the operational success, all of that well positioned us to benefit from the market conditions seen last year.
billion in Q3 profit despite an intensifying price war. The Chinese automaker is closing in on Tesla as we approach the end of the year in pure EV sales. amid intensifying EV price war appeared first on Electrek. China’s largest EV maker, BYD , scored a record $1.42 more… The post BYD notches record Q3 profit of $1.4B
Without the holiday, Tesla China’s sales would likely have been more robust. This meant that the first half of a quarter was typically allotted for the production of vehicles that were meant to be exported abroad, while the latter half was allotted for cars that would be delivered to the domestic Chinese market.
Even though it’s stuck at the back of the sales pack, Toyota Australia continues to insist there will be no price cuts to boost interest in the bZ4X. The first battery electric vehicle sold by Toyota in Australia is priced above the entry-point for mid-size electric SUVs and is paying for it with slow sales.
The pool of plug-in hybrid utes is set to grow more crowded still in Australia, with Chinese brand JAC whipping the covers off its T9 Hunter plug-in hybrid at the Melbourne Motor Show tonight. Pricing for the Hunter is yet to be confirmed, but keep an eye on EV Central as the Hunter’s launch approaches for the latest information.
Stellantis aims for 100% of its Chinese vehicles to be electric by 2030. The US is targeting a 50% penetration rate of EVs (battery, plug-in hybrid, and fuel cell) in new sales by 2030. The UK will ban the sale of new internal combustion engine vehicles in the same year, with hybrids allowed until 2035. TWh in the high case.
The slow-selling BYD Dolphin electric hatchback appears set for a further price dive and equipment upgrade, while the prospects of its even smaller relation the Dolphin Mini coming to Australia are diminishing. Priced from $36,890 plus on-road costs, the Dolphin is averaging just under 200 sales per month in 2024.
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