SMM Brief Review of New Energy Vehicle Industry Chain

SHANGHAI, Jan 19 (SMM) - The followings are brief roundup of new energy vehicle industry chain over the pasdt few days. 

Lithium

Lithium carbonate prices continued to fall recently, albeit at a slower pace, while lithium hydroxide prices somehow stabilised.

Cobalt

Refined cobalt and cobalt sulphate prices both extended declines.

Cathode active material

Ternary cathode material prices stopped falling, while LFP prices inched lower.

End market

After Tesla cut its prices, other EV brands, such as Wenjie and Xiaopeng, followed suit. Whether to stay put or lower prices will be a tough choice for EV makers, especially after China removed its NEV subsidies at the end of 2022.