China’s top-3 power battery makers Contemporary Amperex Technology (CATL), Ganfeng Lithium Group and EVE Energy have been aggressively proceeding with capacity expansions, with their combined investments announced since September reaching over CNY100 billion (US$13.947 billion). Despite their continuous technology and capacity upgrades, the potential problem of overcapacity seems to be gradually surfacing, according to industry sources.
Keen battery capacity expansions in China spark worry about possible supply glut
13
Oct