Lithium carbonate prices will stabilize in 2024, while the new energy vehicle market faces challenges

In 2024, although the price of lithium carbonate has gradually stabilized at 90,000-100,000 yuan/ton since December 2023, the new energy vehicle market is facing the challenge of breaking through the bottleneck of market share. The leading battery cell companies responded to the call from downstream and intended to reduce the price of battery cells to below 0.4 yuan/Wh, and a new round of price war in the industry is looming.