Battery

As demand in the power and energy storage battery markets cools, cell makers have adjusted their capacity utilization rates downward to reduce inventory.

Lithium carbonate prices are expected to still have room to fall, with the supply-demand balance point expected to occur by the end of 2024 or 2025, an expert said.

The planned annual capacity of Zoolnasm's manufacturing facility includes 20 GWh of sodium-ion battery cells and 10 GWh of sodium-ion battery systems.

Gotion will support Pod Point with energy storage systems and battery cells based on its lithium iron phosphate battery product development, design and manufacturing capabilities.

CATL's share of the Chinese EV battery market increased by 3.4 percentage points in October compared to September, while BYD's share decreased by 0.77 percentage points.

China's lithium battery industry's overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said.

The average price of battery-grade lithium carbonate in China is falling close to RMB 150,000 per ton, about half of what it was at the end of June, as supply-demand imbalances continue.

CATL and BYD's shares in January-September both declined slightly from January-August.

By the end of 2022, Rept had a production capacity of 35.2 GWh, and by 2025 it is expected to have a capacity of more than 150 GWh.

Sunwoda is one of the world's largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June.