Rising raw material prices put pressure on the battery industry, ushering in deep changes

Recently, the prices of core materials such as lithium carbonate have continued to rise, putting cost pressure on the power battery industry. Nevertheless, the industry is accelerating breakthroughs in technologies such as sodium-ion batteries and semi-solid batteries, while upgrading the recycling management system for used batteries. It is expected that global lithium demand will exceed 13 million tons by 2050, and fluctuations in lithium prices are prompting the industry to develop in a diversified and recyclable direction. Policies are also guiding the industry to shift from price competition to value competition