There has to be a trick.
I doubt that the price of the lithium dropped that much.
Edit: https://www.smart-energy.com/industry-sectors/storage/cell-prices-for-lithium-ion-batteries-to-decline-by-46/
If this news is right, the price of the car is may be set according to a forecast of a price drop for lithium batteries.
5 years ago they used to explain that you can't have a cheap electric car, because battery are expensive. Like they have to be in the 20000 or 30000 EUR range.
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