Workers inspect export-bound lithium batteries at a manufacturing company in Haian, Jiangsu province, in May. GU HUAXIA/FOR CHINA DAILY
Companies keen to secure raw materials to supply surging market demand
Driven by the surging demand for new energy vehicles and efficient power storage gear－generated by the fast development of 5G base stations and data centers－from both global and home markets, China’s lithium battery manufacturers are rushing to expand their factory capacities and seeking ways to secure material supplies of lithium carbonate.
With a number of production equipment being tested in its new plant in Yichun, East China’s Jiangxi province, Zhang Wei, general manager of Yichun Gotion Battery Co Ltd, a subsidiary of Hefei, Anhui-province based Gotion High-tech Co Ltd, said due to the strong demand of lithium batteries since…