Consumer battery demand weakening
The situation looks a bit ropey for small battery demand with Chinese output of portable electronic devices (power tools) continuing to weaken in October, although mobile phone output growth may have put in a trough in October. Nevertheless, with Chinese retail sales growth also on a declining trend, the outlook for consumer batteries remains tough. Q3/21 was a tough quarter for global smartphone sales, which were down 8% y/y according to Gartner. Wearables, which has been one of the few bright spots for consumer products batteries, is also showing signs of slowing. Global shipments were up only 11% y/y in...
Topics
Batteries
China
Consumer
Mobile Phones
Wearables
