China’s electric vehicle (EV) battery industry will face severe overcapacity in the next two years, which could lead to the closure of many small players, according to analysts.
Chinese battery manufacturers, which number close to 50, will be able to churn out 4,800 gigawatt-hours (GWh) of batteries in 2025, four times the demand of the country’s EV makers, according to a forecast by mainland online investment publication Gelonghui.
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