No, because the demand for new energy vehicles is very strong. In fact, the soaring price of raw materials for lithium batteries is due to the rising demand and sales of electric vehicles, which leads to the shortage of power batteries and soaring prices. Therefore, even if the price of raw materials skyrockets, the sales of electric vehicles will continue to grow. The core reason is that in recent years, with the strong support of the government, new energy vehicles have gradually moved to the whole country. According to the latest data, more than 10% of automobile sales in China market are electric vehicles, and this proportion will increase in the future. According to relevant plans, this proportion will reach 20% in the next five years. However, judging from the current growth rate, in 2025, the sales of electric vehicles may account for more than 25%.

The soaring price of raw materials is mainly due to the sudden increase in demand and tight supply. In the future, as manufacturers continue to expand their production capacity, the prices of related raw materials will fall, and it may be difficult to return to the original prices, but the increase will not be too great.

In the long run, the wave of electric vehicles is unstoppable. Many traditional car companies have said that they have suspended the research on engines and made every effort to develop electric vehicles, so the sales of electric vehicles will skyrocket in the next few years, and the corresponding raw material prices will not be too low.

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According to reports, at present, the price of battery-grade lithium carbonate has risen from a low of 38,000 yuan per ton last year to 90,000 yuan per ton, more than doubling; Lithium hydroxide rose from 60,000 yuan per ton to more than 80,000 yuan per ton.

Some experts say that lithium products companies are increasing their production capacity. It is expected that the relationship between supply and demand will improve in the second half of the year, and the price of lithium products will fall back to a reasonable range of 50,000-80,000 yuan per ton.

OFweek lithium power grid noticed that not only the prices of battery-grade lithium carbonate and lithium hydroxide rose, but also the prices of more lithium battery materials rose. For lithium hexafluorophosphate, April 19, Dofodo (002407. SZ) announced that its sales price of lithium hexafluorophosphate was raised by RMB30,000/ton for domestic customers and USD 4,500/ton for international customers.