company news about The price of lithium cells price has increased by 5% - 15%. And the price of electric vehicles may increase early next year.

Recently, according to media reports, the battery module factory (lithium battery pack making factory) has been informed that due to the rising downstream demand for electric vehicles and energy storage, the price of cylindrical lithium battery cells will rise again by 5% - 15% at the beginning of next year, and the price rise tide of batteries may continue until 2023.

Since the second half of this year, the price of electric vehicle battery has been rising. The data show that the price of NMC (811) battery is nearly 110 US dollars / kWh, and the price in the fourth quarter is expected to be 63.7 yuan higher than that in the first quarter; The domestic price of lithium iron phosphate battery has increased by 10% - 20% since September.

The rise in battery prices is mainly related to the continuous growth of the new energy vehicle market and strong demand. According to the latest statistics of the passenger Federation, the sales volume of domestic new energy passenger vehicles in October was 321000 units, a year-on-year increase of more than 141%, while the total retail volume of new energy vehicles from January to October this year reached 2139000 units, a year-on-year increase of more than 191%.

As of the middle of last month, the price of battery grade lithium carbonate was 19.5 yuan / ton, an increase of more than 230% compared with the beginning of the year; The yellow phosphorus and phosphoric acid necessary for the production of lithium iron phosphate batteries increased by 280% during the year.

The strong demand for lithium batteries has driven the expansion of the whole battery industry. Since this year, power battery head enterprises including Ningde era have announced that the total new capacity in the next five years will exceed 2twh, about 20 times the loading volume this year. Industry professionals predict that the lithium battery industry will usher in a "blowout" in the next five years.

However, the rising price of battery raw materials is bound to drive the price increase of new energy vehicles, which will not only increase the burden on consumers, but also drag down the cost reduction process of the electric vehicle industry.