There's a downward trend here (in %). It's also worth being cognisant that these are battery packs and not everyone is receiving those prices. Pricing will remain sensitive to lithium, nickel, cobalt and aluminium, notwithstanding the serious impacts you would expect from COVID-19. CATL and BYD are both Chinese owned with lucrative international agreements. Who knows what will eventuate from there regarding trade restrictions.
Additionally, laws of supply and demand seem to be kicking in and many manufacturers already signalled price increases pre-COVID.
Intriguingly staged. Electric cars are a bit of a dream at the moment, as well as doing limited environmental good on a fossil-fueled grid. So softer demand could also play a role.
IFN Price at posting:
50.5¢ Sentiment: None Disclosure: Not Held
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