https://qz.com/2087345/chinas-lithium-mining-battery-firms-are-in...

https://qz.com/2087345/chinas-lithium-mining-battery-firms-are-in-an-investment-frenzy/

Chinese lithium mining and battery companies are splurging big, both at home and abroad.

It’s all part of the country’s race to secure supplies of the battery metals and to expand production capacity of lithium-ion batteries, for which demand is forecast to rocket over the next decade.

One senior industry executive captured the sentiment of the red-hot sector in an interview (link in Chinese) this month with Shanghai Securities Times: “Grab the scale, grab [market] share, profit is not a matter of consideration at this stage.”

Expanding battery production capacity…

In the month preceding Nov. 10, Chinese lithium battery companies pledged a total of some 100 billion yuan ($15.6 billion) in investments to expand production capacity, according to figures from Shanghai Securities Times. Two industry giants made up the bulk of the investments: CATL is investing 15 billion yuan (link in Chinese) to build a new manufacturing base in Guizhou province, while EVE Energy is plowing nearly 31 billion yuan (link in Chinese) into a production plant in Hubei province. Both firms made their announcements on Nov. 5.