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Inflationary pressures hitting commodities have caused the costs involved in producing an electric vehicle (EV) battery to soar, potentially hitting EV manufacturers such as Tesla Inc (NASDAQ:TSLA). Liberum’s analysis shows that the metal costs in a 60KWh battery using NMC cathodes, essentially batteries made up of lithium, nickel, cobalt and manganese, is at US$4,946, nearly four times the value compared to last year, which was US$1,398.
...read full article on Proactive Investors
