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CnEVPost Newsletter: Lithium prices fall; NIO ET5 wait time further reduced
Battery-grade lithium carbonate has fallen more than 10 percent compared to mid-November when prices reached as high as RMB 590,000 per ton.
Consumers who order the ET5 now can expect to have it delivered around the beginning of March next year.
Covid led to lower-than-expected retail growth in the Chinese auto market, with traditional ICE vehicles performing worse than expected while NEVs performing better than expected.
It's not an established practice to shut down operations for an extended period of time during the Chinese New Year.
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