??? ?? ????, so much so that I have had to change my battery chemistry production graphic.

Raw battery chemical prices are through the roof, but not high enough to slow battery production up over 146% YOY

Raw material prices have finally impacted the auto manufactures who have  announced EV price increase. Even the little Wuling is not immune to market forces announcing 3,000 RMB increase.

Supply chain investment focus has shifted to lithium conversion and auxiliary battery materials, copper, PVDF etc.

An increase in graphite project investment indicate market concerns over battery grade graphite availability in the future.