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In Case you liked this story, sign up for The Essential List newsletter – a handpicked selection associated with features, videos and can’t-miss news, delivered in order to your inbox twice a week. Therefore, it will have less reliance on the current industrial chain, Mo says. The “biggest difference” between companies in China and other countries is that the former can bring a technology from the lab to be able to mass production much faster, Zheng says. But the price regarding lithium started to be able to plunge in late 2022 and is at a fraction of its peak level today. 1 reason is that major Chinese battery makers such as CATL and Gotion have expanded their lithium-processing capacity, Zhang says.

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