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31 Mar
12:13

Chinese automakers expect better profitability amid lithium carbonate price reductions

Several Chinese automakers have expressed optimism for increased profitability due to reductions of battery-grade lithium carbonate prices, Kallanish learns.  At GAC's 2022 performance review, the company's president Zeng Qinghong says: "If the price of lithium carbonate is above CNY 400,000 ($58,225.01)/tonne, electric vehicles will not make money. But if the price is below that, they will be able to make money. This year, GAC Group will have a …
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