1:56
um I just saw a reporting this morning
1:58
uh actually this morning this is
2:00
actually probably Thursday but so that
2:02
would have been Tuesday morning when
2:03
we're recording this I saw a reporting
2:06
today as we're recording this that said
2:09
that
catl dropped the price of the
2:11
batteries by 19 plus percent
2:16
Now remind me what's the biggest expense
2:19
in any electric vehicle
2:23
batteries maybe oh oh is it because I
2:25
thought in the case of lucid it was
2:27
Peter rawlinson's compensation package
2:29
and yeah talk about oh God a third of a
2:34
TR of a billion dollars how does he
2:36
sleep at night I guess on a really good
2:38
bed on a big pile of cash
2:45
all right so if the catl if this is a
2:49
good reporting and the reporting was the
2:51
kind of reporting where the specificity
2:53
made you believe it which made me why we
2:56
shouldn't believe it but it makes sense
2:58
the
cost of lithium has just nosedive
3:01
and lithium was a big part of the deal
3:04
um so and and catl and it's clear that
3:07
CA till has way that all of the battery
3:10
manufacturers right now have more than
3:12
enough capacity for the market so that
3:15
would be another reason to drop price
China's power battery production loses momentum in July
www.mysteel.net
China's power batter production growth slowed in July as most manufacturers had already finished stockpiling around mid-June. Lithium carbonate prices fluctuated following the demand side dynamics, which subsequently influenced the power battery production scheduling.
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