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Many of the essential ingredients for automakers, such as copper, steel and aluminum, are hitting or approaching record highs this year as the lagging supply can’t keep up with stimulus-driven demand. The Bloomberg Commodity Spot Index jumped to its highest since 2011, with metals up 21% so far this year. Should the current rally morph into a supercycle, rising car prices could forebode inflation across the board. Analysts at JPMorgan Chase & Co. estimate the price of an auto’s raw materials have climbed 83% in the year through March. Those pieces typically make up about 10% of the cost o...

Cars keep getting pricier, and the commodity boom makes it worse BLOOMBERG Vehicles for sale at a Ford Motor Co. dealership in Colma, Calif. Cars are back in vogue courtesy of the pandemic. They're also getting more expensive, thanks in part to surging commodity prices. Many of the essential ingredients for automakers, such as copper, steel and aluminum, are hitting or approaching record highs this year as the lagging supply can't keep up with stimulus-driven demand. The Bloomberg Commodity Spot Index jumped to its highest since 2011, with metals up 21% so far this year. Should the current ra...

The content below was translated by Tencent automatically for reference. Tesla Model3's announcement of the price increase quickly went viral on domestic social media this weekend. The price of the domestic Model 3 standard battery life upgrade will rise by 1000 yuan, reflecting the actual situation of cost fluctuations, Tesla announced on May 8. In the Chinese market, this is the first time that Tesla has raised the price of the Model 3 model this year, and it is also the second time that the price of the domestic Tesla model has increased this year. Tesla's announcement of the price increas...

Solid Power filed a Form D with the U.S. Securities and Exchange Commission late last year indicating that it planned to raise capital indefinitely. “Solid-state battery technology is important to the future of electric vehicles, and that’s why we’re investing directly,” Ted Miller, Ford’s manager of electrification subsystems and power supply research, said in a statement. “By simplifying the design of solid-state versus lithium-ion batteries, we’ll be able to increase vehicle range, improve interior space and cargo volume, deliver lower costs and better value for customers and...

Share this article Share this article NEW YORK, March 9, 2021 /PRNewswire/ -- The global fuel cell for prime power market is set to grow by USD 767.42 MW during 2021-2025. Technavio segments the fuel cell for prime power market by product (PEMFC, PAFC, SOFC, and Others) and geography (APAC, North America, Europe, South America, and MEA). The report identifies supportive government policies for adoption of fuel cells as one of the major factors propelling the market growth. Ask for a Free Sample Report:  Fuel Cell for Prime Power Market by Product and Geography - Forecast and Analysis 2021...