NEV maker says CATL has raised battery prices twice since second half of last year

The cost of a NEV increased by RMB 10,000 ($1,570) after the last battery price hike, and rose by another RMB 10,000 not long ago.

The cost of batteries for electric vehicles (EVs) has gone up a lot, with the power batteries from Contemporary Amperex Technology Co Ltd (CATL) increasing in price twice since the second half of last year, local media outlet Yicai said, citing an unnamed source at a new energy vehicle (NEV) maker.