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TheStreet.com
Tesla Rivals Lucid and Nikola Need Cash
The cost of battery development has more than doubled since the coronavirus pandemic, research firm AlixPartners has calculated. The costs of raw materials (cobalt, nickel, lithium) necessary used in EVs have on average more than doubled (up 144%) in two years to $8,255 as of last May, according to a report published in June by AlixPartners. The cost of developing an electric vehicle has increased by about $2,000 over the past two years, the research firm added.
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