Chinese auto price war drags down battery raw materials prices

An increasingly fierce price war in China’s domestic automotive sector for electric vehicles (EVs) and traditional vehicles in recent months has dealt another blow to battery raw materials prices, sources told Fastmarkets.

Tesla was the first to slash its prices after a drop in demand following the expiration of China’s EV subsidy. Other EV producers, including BYD, followed suit.

Producers of...


Carrie Shi

Sybil Pan

Yiwen Ju

Zihao Li

Jingtai Lun

March 23, 2023

10:36 GMT

Shanghai, Beijing, Singapore