The price rise of nickel increases the cost of electric vehicles by $1000. Will your electric vehicles rise in price?

In 2022, the price increase became synonymous with the auto industry. Due to various reasons such as the decline of subsidies, the shortage of chips and the rise in the price of raw materials, many electric vehicle enterprises have issued notices of price increase. Now, due to the conflict between Russia and Ukraine, the shortage of raw materials has further intensified. I wonder whether the auto enterprises will continue to raise prices.

On March 11, according to the CCTV financial report, the current conflict between Russia and Ukraine has further exacerbated the supply shortage of some raw materials. The fear of supply interruption caused by the conflict, coupled with the short selling market in the futures market recently, has made the nickel price exceed the mark of US $100000 per ton. Morgan Stanley estimates that the soaring price of nickel could increase the production cost of an electric vehicle by $1000.

As early as last year, because the supply of raw materials could not meet the expanding demand, there were endless news that the price of batteries would rise. First, BYD Lithium Battery company decided to increase the unit price of co8m and other battery products by no less than 20%, and then Ganfeng lithium industry issued a price adjustment letter, announcing an increase of 100000 yuan per ton for the whole series of metal lithium products; GP issued a price increase letter; GuoXuan high tech also sent a price adjustment negotiation letter.

However, the specific price increase information is not clear. For the price increase voice of power battery enterprises, the feedback of some vehicle manufacturers is that they can not accept the price increase of power battery, but are willing to alleviate the pressure of battery enterprises through account period, binding cooperation, financial cooperation and other forms. Individual vehicle manufacturers also agreed to a small increase in the price of supporting batteries for new models.

Because of the soaring prices of raw materials in the upstream and the strong demand for new energy vehicles in the downstream, the power battery manufacturers sandwiched in the middle do not have much bargaining power from top to bottom. The sharp rise in upstream prices stems from the serious shortage of supply and demand. There is no reason to reduce prices. Downstream new energy vehicle manufacturers still maintain the control of the "whole vehicle is the king" of the automotive industry, so it is difficult to negotiate prices. Therefore, power battery manufacturers have to bear the pressure brought by the rise in the price of upstream materials silently.