Drastic lithium price nosedive may bring EV profit margin respite rather than cheaper electric cars

[Redaktion]

The Tesla-induced EV price war has put other electric car makers in a bind as their production costs are higher than Tesla's. The softening demand, however, resulted in an accelerating drop in lithium prices which would help bring gross margins relief to every EV manufacturer, including Tesla that doesn't need it.

https://www.notebookcheck.net/Drastic-lithium-price-nosedive-may-bring-EV-profit-margin-respite-rather-than-cheaper-electric-cars.702255.0.html