The price war for new energy vehicles is fierce, and the price of battery raw materials has plummeted

As competition in the new energy vehicle market becomes increasingly fierce, the price of battery raw materials has fallen sharply. In particular, the price of battery-grade lithium carbonate has fallen by about 80% from its peak in 2021. According to data from Shanghai Steel Union (300226), the price of battery-grade lithium carbonate is currently stable at 80,500 yuan per ton.