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Chinese cell output bounces back in Feb

Posted on - 06 Apr 2023

Category - Data update

Chinese cell output bounced back in February after a 50% reduction between November and January. February EV cell output hit 41.5GWh, up 47.5% from January’s 14 month low, but still well-below the 60+GWh levels hit in October and November. Nevertheless 41.5GWh is in line with the levels seen in mid-2022, so should start to see a reduction in midstream and then upstream materials inventories over the next few months. Given the substantial build out in the LFP supply chain in the second half of last year, most of the inventories are currently residing there, with inventories relatively controlled in the...

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