Battery prices for electric vehicles are seeing a “ridiculous” increase on the back of soaring raw material prices, and carmakers will soon have to raise prices if they haven’t done it yet, according to the top executive of Chinese electric vehicle manufacturer Li Auto Inc. “The cost of batteries in the second quarter rose by a very ridiculous amount,” Bloomberg quoted Li Auto’s chief executive officer Li Xiang as saying on his Weibo account this weekend.
Because of rising costs for raw materials, Contemporary…UK Homes Are Turning To Solar Panels To Tackle Sky-High Energy Prices
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