Demand for China's lithium batteries will slump in early 2026, car association head says
Demand for China's lithium batteries is expected to slump in early 2026 due to a decline in domestic EV sales and slowing exports, according to Cui Dongshu, secretary general of China's passenger car association. Battery makers like CATL and EVE Energy may be affected. Green passenger vehicle sales could drop by 30% early next year as tax incentives phase out. Exports to the EU rose slightly, but U.S.-bound exports fell, indicating challenges despite rising energy storage demand in the U.S.
