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A monthly drop in shipments from Tesla’s Shanghai Gigafactory in April suggests weak electric vehicle (EV) demand sentiment in the world’s biggest car market will continue to hound the battery metals industry, which saw tumbling prices in the first quarter (Q1) extend their declines last month.
Chinese battery giant CATL has proposed sharp discounts on purchases of EV batteries for strategic clients if they agreed to source the bulk of their battery demand from the company. Source: CATL
Deliveries of China-made Model Y and Model 3 EVs decreased by 14.7% from March to 75,842 units, according to preliminary data released by the China Passenger Car Association on Friday.
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