Can rising lithium costs save China’s energy storage firms from a brutal price war?
China's energy storage firms, affected by a three-year price war, face rising lithium costs as Deegares plans a 15% price hike. This move, amid a global investment boom in AI and EVs, may help firms break free from intense competition. Despite challenges, exports remain profitable, with significant sales to the US and Europe. Companies like CATL and Sungrow are optimistic about future demand, while capacity expansion continues. Analysts remain cautious about the sustainability of recovery as domestic EV subsidies fade.
