Rising EV Battery Market Risks Prompt Producers to Reconsider Strategies, S&P Says
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Rising volatility in the global EV battery market is prompting producers to reassess strategies, according to S&P Global Ratings. Factors such as increased US tariffs, production policies, and China's export limitations on lithium technologies are influencing this shift. The agency forecasts a slowdown in EV battery demand growth, predicting a dip to 29% in 2025, with further declines in subsequent years. Korean manufacturers are expected to boost US capacity, while Panasonic may reduce capital expenditures and Contemporary Amperex Technology will expand into non-US markets.
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