From what I’ve read the prices of EVs will be coming down over the next year or two as the Chinese cars arrive in Europe and the rest of the world. Seemingly the Chinese are producing far more than they can sell in China and will be reducing production if they can’t find alternative markets, also they are producing more batteries than they can sell.
Very carefully worded Brydo!
I’m sure I put a an EU.gov paper up on here that stated the reason, which was based on meeting Europes ICE ban, As European manufacturers were too slow taking up manufacturing technologies of EV battery cells and China was already technolically advanced in this area and already producing solid state technology. It would also bring EV’s to the mass market.
Since the fire risks seen with LG Chem battery cells Catl has become the main battery maunfacturer for European car manufactures, which are used in several of PSA group vehicles and VW’s (the id3 is one) etc. Tesla get BYD’s Blade battery , which will also be seen in its Atto 3 car. BYD’s LFP Blade battery battery is based around safety tech and does not emit smoke or flames. BYD is also responible for building the Enviro electric bus’s seen in London. Catl, LG chem and possibly Northvolt make some batteries for Volvo, Polestar use Catl and LG Chem.
Catl is the worlds largest battery manufacturer followed by BYD and LG Chem.