China’s EV output and sales rise in August, but battery materials market still under pressure

China’s output and sales of electric vehicles (EVs) rose in August 2023 on both monthly and annual comparisons, driven by the country’s policies to boost domestic consumption as well as the discounts on cars offered by automotive producers, according to data released this week by the China Association of Automobile Manufacturers (CAAM).

But the stronger EV market failed to support the upstream battery raw materials markets, whose prices have fallen over the month ending Friday September 15 on weak demand, with Chinese...


Carrie Shi

Sybil Pan

Yiwen Ju

Zihao Li

September 15, 2023

11:55 GMT

Shanghai, Beijing, Singapore