High raw material costs, COVID-19 measures challenge China’s NEV industry

Facing a fresh wave of COVID-19 outbreaks , China’s strict lockdown measures are dealing a huge blow to the NEV industry, just two weeks after the industry was left reeling over record-high nickel prices on the London Metal Exchange. High raw material prices and logistical problems have led to a pessimistic outlook for the NEV industry, and market sources are…