China cell output up 96% in first two months
China’s cell output rose 96% y/y YTD Feb to 277GWh. While production was down compared to the back end of last year, in line with seasonal trends, this is still a substantial growth rate, although it is a little lower than the average y/y growth rate during Q4/24. We’re keeping a very close eye on what cell production does in March. EV demand was certainly stronger in the fourth quarter than expected, which led to a substantial restocking and increase in output in cells and thence in cathode materials. This flowed through into battery raw materials and we saw a...
Topics
Batteries
Cathodes
Cells
China
EV
LFP
Lithium
Raw Materials
restocking
