A common practice in any country or manufacturing industry if you are the leader.
China produced more batteries than needed for EV'S in 2022/23.
EV growth is about 23% and needs to be about 29% to be a level playing field in supply and demand for batteries and Li.
From reading BESS for databases and grid stability is picking up the slack right now.
This market has taken the opportunity in 2024 to install BESS at lower prices all over the world.
Australia this week has announced 2 installations of BESS this week, it only takes about six months to get these projects up and running.
Increased Nuclear power is decade or more, away if it happens.
There will be no over supply of batteries by the end of the year from reading articles on the subject IMO.
Perhaps Ganfeng is already seeing the recovery.
Here is an OZ example.
https://esdnews.com.au/supernode-battery-expanded-under-new-origin-offtake-deal/
A common practice in any country or manufacturing industry if...
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