Sharing some thoughts:
The down trend of the Li prices was also because of the news about China reducing the EV subsidies; hmm, in fact China shifted the subsidies to longer range EVs:
https://insideevs.com/china-updates-ev-subsidy-program-to-favor-long-range-bevs/
Incentives for all-electric cars depending on range:
This is on June exchange rates, however you can see the trend is bigger batteries which means more Li required.
- 150-200 km: 15,000 yuan (≈$2,330)
- 200-250 km: 24,000 yuan (≈$3,730)
- 250-300 km: 34,000 yuan (≈$5,280)
- 300-400 km: 45,000 yuan (≈$6,990)
- over 400 km: 50,000 yuan (≈$7,770)
What is fascinating is:
- Subsidies for the longer range EV, per km of range in 50% higher for 300-400km range than 150-200km
Wow, this is 50% higher subsidy per kWh
Sharing some thoughts: The down trend of the Li prices was also...
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