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A signal of an electric car price increase? The world's largest supplier of lithium for power batteries has increased prices globally

【Smart Car Pie News】Did you buy an electric car? Or are you ready to buy an electric car in 2022? One piece of bad news is that electric vehicles may have a trend of price increases in 2022. Behind this trend is the rising price of lithium battery raw materials. According to the latest news learned by Zhichepai, Yabao, as the largest supplier of lithium for electric vehicle batteries, recently announced a global price increase for catalyst products, effective immediately, or according to a follow-up contract. In view of The pivotal position of Yabao in the industry, this price increase will undoubtedly drive the cost of lithium batteries.

A signal of an electric car price increase? The world's largest supplier of lithium for power batteries has increased prices globally

Electric vehicle

It should be noted that the price increase of lithium battery raw materials has not only begun today, and Yabao is not the only big price increase. According to reports, the latest quotation of lithium carbonate suppliers, the core raw materials of power batteries, has exceeded 350,000 yuan / ton. For comparison, the material's price at the end of November 2021 was 200,000 yuan / ton, and a year further, this figure is even only 43,500.

The direct result of rising raw material prices is that lithium battery prices have risen. Previously, some head battery factories insisted on not raising the price of lithium battery contracts in 2022, but at the end of 2021, they had to notify customers who had signed contracts to re-agree on the price, and it is understood that in principle, the quotation will rise by about 20%. Lithium batteries are extremely critical components of electric vehicles, and its price increase may lead to the growth of electric vehicle costs, which is reflected in the terminal price.

However, it is too early to discuss this topic, and it is believed that the entire industry will self-regulate.

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