CnEVPost Newsletter: Lithium prices fall; NIO ET5 wait time further reduced
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CnEVPost Newsletter: Lithium prices fall; NIO ET5 wait time further reduced
Lithium carbonate prices fall to around RMB 500,000 with outlook remains bearish
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.
NIO ET5 wait time reduced to 9-11 weeks
Consumers who order the ET5 now can expect to have it delivered around the beginning of March next year.
China's auto market in 2022: These are what exceeded expectations
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.
Most workers at Tesla's Shanghai plant will be off for Chinese New Year holiday
It's not an established practice to shut down operations for an extended period of time during the Chinese New Year.