Category: electric battery costs

Lithium Prices Skyrocket, Electric Vehicles May Soon Follow

April 7, 2022
Business & Economycommoditieseconomyelectric battery costsInternationalLithium Supplylithium-ion batteriesMarketsWorld
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Demand for lithium has spiked as electric vehicle adoption around the world grows, leading to a global shortage of the metal with spot prices for battery-grade lithium carbonate increasing more than 47 percent from the start of the year. Battery-grade lithium carbonate in China costs around 400,000-430,000 yuan ($62,865-$67,580) per ton based on data from…

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Affordability the Biggest Challenge for Electric Truck Producers

March 28, 2022
Business & EconomyCompaniesDaimler Truckelectric battery costselectric vehicleMarkets
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The cost of building an electric truck will always be more expensive when compared to a truck running on a traditional combustion engine, according to Martin Daum, CEO of Germany-based Daimler Truck. The high price of critical materials needed to build electric trucks makes the vehicle more expensive, Daum said in an interview with FT….

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