China’s electric vehicle upstart Nio has joined Tesla in sourcing raw materials directly from mines rather than its own battery suppliers as soaring prices of lithium, a critical component of EV batteries, hurt manufacturers’ supply chain stability and bottom lines. Lithium carbonate prices in China hit a record 501,500 yuan/tonne in September, tripling the number […]
China’s Nio joins the race for lithium, buys 12% of Australia’s Greenwing Resources by Rita Liao originally published on TechCrunch...