Gloomy EV demand to last in Q1; upstream raw material prices under pressure

Weaker demand from China's downstream Electric Vehicle (EV) sector continued to exert downward pressure on domestic battery raw material prices in the week to Friday February 17, with market participants expecting the situation to remain unchanged in the first quarter of this year, sources said.

Chinese EV output fell by 46.6% and sales were down by 49.9% month on month in January. The poor performance in EVs can be largely attributed to the termination of...


Carrie Shi

Ruby Liu

Zihao Li

February 21, 2023

10:25 GMT

Shanghai, Beijing