China is predicted to experience an electric vehicle battery issue in 2025 that will make other nations jealous. Electric vehicle battery manufacturing will reach 3,000 gigawatt-hours (GWh) in 2025, according to the South China Morning Post, which is six times more than the 500GWh of EV batteries produced this year. The issue is that China’s domestic battery demand is only anticipated to be 1,000 GWh in 2025.
In order to avoid having to either scale back manufacturing or find suitable storage facilities for all those extra batteries, companies is China are being urged to find international buyers.
Phate Zhang, founder of Shanghai-based EV news site CnEVpost, said “the battery companies may need to look beyond the domestic market to get their demand digested now that China is already a leader in battery technology.”
The largest manufacturer of EV batteries in the world, Contemporary Amperex Technology Limited (CATL), has agreements in place to supply Tesla and BMW. If they are to continue operating and expand, the other 47 Chinese EV battery makers will need to form similar alliances.
In the meantime, due to a combination of violent employee protests at the largest iPhone manufacturing in the world and export prohibitions put in place by the US government, China is unable to develop additional cutting-edge technology.
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