Tesla-Triggered Price War among EV Makers to Force Battery Makers to Develop More Competitive Products_SMM

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Home / Metal News / Cobalt & Lithium / Tesla-Triggered Price War among EV Makers to Force Battery Makers to Develop More Competitive Products

Tesla-Triggered Price War among EV Makers to Force Battery Makers to Develop More Competitive Products

Jan 19, 2023 11:23

CST

Source:电池中国CBEA

Two EV makers in China have followed the footsteps of Tesla in cutting prices, sparking expectations that the price war will spill over to more EV makers.

Two EV makers in China have followed the footsteps of Tesla in cutting prices, sparking expectations that the price war will spill over to more EV makers. This will force battery makers to develop more competitive batteries.

Since 2022, mainstream battery companies including CATL, SVOLT Energy, EVE Energy, Guoxuan Hi-Tech, and Sunwoda have successively launched M3P battery, high-manganese iron nickel battery, lithium manganese iron phosphate battery, and sodium batteries in an attempt to reduce costs.

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