International automakers accelerate lithium battery development, turning down China-made powertrains

Nuying Huang, Taipei; Peng Chen, DIGITIMES Asia Friday 19 January 2024 0

Credit: AFP

The growing EV market keeps driving the demand for lithium batteries. Companies like CATL, BYD, LG Electronics, SK Group, and Panasonic are said to increase investment in powertrains as batteries may see shortages.

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