Three of China’s top electric vehicle (EV) start-ups reported...

Three of China’s top electric vehicle (EV) start-ups reported record monthly sales in July, as a release of pent-up demand in the world’s largest market for battery powered cars continues.



https://www.scmp.com/business/china-business/article/3229642/china-electric-cars-byd-li-auto-and-nio-smash-monthly-sales-records-again-demand-surge-continues?module=AI_Recommended_for_you_In-house&pgtype=homepage

Three of China’s top electric vehicle (EV) start-ups reported record monthly sales in July, as a release of pent-up demand in the world’s largest market for battery powered cars continues.The strong sales, which follow a price war in the first half of 2023 that failed to spark demand, have helped put the country’s electric car sector back on the fast track, and are likely to offer the slowing national economy a much-needed boost.Shenzhen-based BYD, the world’s largest EV builder, said in a filing to the Shenzhen Stock Exchange after the market closed on Tuesday that it delivered 262,161 units in July, up 3.6 per cent from a month earlier. It broke the monthly sales record for a third straight month.

So the demand for Lithium remains strong, and will increase in the 2H tis year and years to come.