A worker checks car batteries at a factory for Xinwangda Electric Vehicle Battery in Nanjing, China, on March 12, 2021. Photo: AFP
A worker checks car batteries at a factory for Xinwangda Electric Vehicle Battery in Nanjing, China, on March 12, 2021. Photo: AFP

Chinese EV battery producers will exceed domestic electric-car makers’ demand threefold in 2025: report

  • EV battery makers will increase capacity six times between this year and 2025, according to a report in a newspaper run by the State Council
  • After aggressive expansion, EV battery producers must secure more business from overseas carmakers to absorb the excess capacity, analysts say

A worker checks car batteries at a factory for Xinwangda Electric Vehicle Battery in Nanjing, China, on March 12, 2021. Photo: AFP
A worker checks car batteries at a factory for Xinwangda Electric Vehicle Battery in Nanjing, China, on March 12, 2021. Photo: AFP
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