Part 5/12:
This situation is no coincidence, but rather the inevitable outcome of China's predatory economic strategies to undercut competitors on the global market. The Chinese government manipulated lithium prices to create a temporary advantage, forcing Western competitors into losses. However, this also caused domestic lithium companies to cut back production or shut down entirely.
The difficulties extend beyond lithium suppliers, as essential materials like separators and electrolytes also struggle with plummeting orders and stockpiles that haven't sold for 6 to 8 months. This distress is reflected in the financial reports of several lithium battery material suppliers, with inventory surging over 100% year-on-year and revenue dropping by 20 to 30%.