Carmakers have responded to surging lithium prices by switching to lithium ferro-phosphate batteries, which China is best placed to supply worldwide, says Credit Suisse

The brisk business underscored how South Korean conglomerates are investing heavily in battery materials to make up ground lost to Chinese competitors

Yao appeared in person on Monday at the company’s car manufacturing facility in Shenzhen, Baoneng said, and posted a picture of Yao at the factory

Volkswagen China said on Monday it will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies, to control battery costs as material prices soar

Barring manganese, prices of other commodities such as lithium, cobalt and nickel have increased sharply since the beginning of 2022

Tesla's restart came as movement controls imposed on its workers as part of the city's efforts to curb the latest Covid-19 outbreak eased

The initiative is part of president Joko Widodo's goal of developing a supply chain utilising the Southeast Asian country's mineral resources

American EV maker Tesla has been forced to put its China production line on hold because of Covid restrictions’ impact on staffing and suppliers

The price increases will take effect from Wednesday, BYD said, adding that customers who had paid deposits on vehicles prior to then would not be affected

Fitch Bohua said NEVs were indispensable if China is to achieve peak carbon emissions before 2030 and “carbon neutrality” before 2060

The company, formerly known as Daimler, said Japanese battery maker Envision AESC would supply battery modules for US-made EVs by the middle of the decade

Toyota said on Tuesday it would make additional production cuts in March due to a shortage of computer chips, days after reducing its domestic production target for the April-June quarter