Electric automakers must brace for rising battery materials costs, Goldman says

cnbc2021-03-24

KEY POINTS Growing demand for electric car batteries will cause prices of the main materials to surge, Goldman Sachs analysts said in a March 18 note. That in turn will drive prices of batteries ...

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Comments

Holla
2021-03-24
Holla
Like my comment if u long Tesla!
Eaglewings
2021-03-24
Eaglewings
This is the short term issue. New innovations and alternatives will improve the value chain.
w8w8
2021-03-24
w8w8
GP battery never make ev batteries how cum
w8w8
2021-03-24
w8w8
Ho seh liao
GaryL
2021-03-24
GaryL
Eye on whole chain of supply in EV space
PuriPuri
2021-03-24
PuriPuri
I love EV

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That of cobalt would also double, while the cost of nickel would rise by 60%.\n“Prices for the three main natural resources have been rising since the start of 2021,” the Goldman report said. “We believe that in order to promote sustainable EV industries, somecountries may consider implementing policies to increase national stockpiles.”\nA new type of battery\nLimited availability of nickel suitable for car batteries could even accelerate a shift to another kind of battery called lithium iron phosphate (LFP), the report said.Teslaand Chinese start-upXpengare among automakers already using this type of battery, which does not use nickel or cobalt but stores relatively less energy.\nIf nickel prices hit their historic high of $50,000 per tonne, that could add $1,250 to $1,500 per electric vehicle, which could hurt consumer demand for the cars, the analysts said.\nUltimately, the growth of the electric car industry and demand for battery materials depends on how many vehicles people buy. The tipping point for consumers broadly to switch from gas-powered vehicles to electric cars is generally expected to come when the battery cost has fallen sufficiently.\nThat shift could happen in the next decade. 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New innovations and alternatives will improve the value chain.&nbsp;","listText":"This is the short term issue. New innovations and alternatives will improve the value chain.&nbsp;","text":"This is the short term issue. New innovations and alternatives will improve the value chain.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351361271","repostId":1187798728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351337001,"gmtCreate":1616561971804,"gmtModify":1704795687147,"author":{"id":"3575859183800572","authorId":"3575859183800572","authorIdStr":"3575859183800572","name":"w8w8","avatar":"https://static.tigerbbs.com/1a305fe39d1c227693a64cc331afda1a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575859183800572"},"htmlText":"GP battery never make ev batteries how cum","listText":"GP battery never make ev batteries how cum","text":"GP battery never make ev batteries how cum","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351337001","repostId":1187798728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351335989,"gmtCreate":1616561771341,"gmtModify":1704795684719,"author":{"id":"3575859183800572","authorId":"3575859183800572","authorIdStr":"3575859183800572","name":"w8w8","avatar":"https://static.tigerbbs.com/1a305fe39d1c227693a64cc331afda1a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575859183800572"},"htmlText":"Ho seh liao&nbsp;","listText":"Ho seh liao&nbsp;","text":"Ho seh liao","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351335989","repostId":1187798728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351331157,"gmtCreate":1616561416779,"gmtModify":1704795680178,"author":{"id":"3566169444998058","authorId":"3566169444998058","authorIdStr":"3566169444998058","name":"GaryL","avatar":"https://static.tigerbbs.com/528fb5afea5ab18c21c7ded16d25d53c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3566169444998058"},"htmlText":"Eye on whole chain of supply in EV space","listText":"Eye on whole chain of supply in EV space","text":"Eye on whole chain of supply in EV space","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351331157","repostId":1187798728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351923483,"gmtCreate":1616554983442,"gmtModify":1704795595049,"author":{"id":"3553649053727880","authorId":"3553649053727880","authorIdStr":"3553649053727880","name":"PuriPuri","avatar":"https://static.tigerbbs.com/f71e818bff0405c3cd32dbed404b3d1f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3553649053727880"},"htmlText":"I love EV","listText":"I love EV","text":"I love EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351923483","repostId":1187798728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":45,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1187798728"}