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Bangkok Post
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Business

Chinese EV battery producers will exceed domestic electric-car makers' demand threefold in 2025

China CATL Economic Daily CALB electric vehicle
Workers are seen at the production line of lithium-ion batteries for electric vehicles at a factory in Huzhou, Zhejiang province, China, on Aug 28, 2018. (Reuters photo)

China's fast-growing electric vehicle (EV) battery industry must look abroad for customers as their capacity after a period of aggressive expansion will soon be three times greater than demand from domestic electric-car makers.

Mainland manufacturers will produce an estimated 3,000 gigawatt-hours (GWh) of EV batteries in 2025, according to a report by the Economic Daily, a newspaper run by the State Council.

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