Driven by NEVs, Power Battery Demand for Cathode Materials Forecast to Exceed 2.15 Million Tons in 2025, says TrendForce
With the explosion of new energy vehicle (NEV) production and sales, the installed capacity of power batteries has also seen rapid growth, in turn promoting the rising demand for battery materials, according to TrendForce’s investigations. Among battery materials, cathode materials are most in demand for power batteries and their shipments have benefited from the rapid […]