China slowdown dampens 2023 EV battery demand outlook

BYD Han all-electric car showcased at the Paris Motor Show, France - October 17, 2022.

Benchmark has revised down its forecast for China’s electric vehicle battery demand for this year by 14% due to an economic slowdown in the country. EV battery demand in China is set to be around 407 gigawatt hours this year, down from an earlier forecast of 473 GWh, according to Benchmark’s Lithium Ion Battery Database. […]

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