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Korean electric car battery prices may jump 40%

Disposal and recycling information for a VW ID3’s lithium-ion battery pack during assembly in Zwickau, Germany
A VW ID3 battery pack at the automaker's factory in Zwickau, Germany. (Bloomberg)
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By:
Bloomberg
April 13, 2022 11:52 AM

South Korean battery makers could raise prices by 30 percent to 40 percent to offset high commodity costs and they are in talks with electric vehicle makers over new long-term contracts, according to SNE Research.

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