Lithium ion battery cells braced for up to 25% decline from coronavirus / COVID-19 shockwave

The lithium ion battery industry is braced for a demand decline of 15-25% in 2020 following the evaporation of electric vehicle (EV) demand in the last month due to the coronavirus / COVID-19 pandemic.

Benchmark Mineral Intelligence can confirm that Tier 1 cell producers in Asia are preparing for a minimum decrease in shipments of 15% in 2020 as producers adjust their medium term business plans to the fluid situation that has the potential to change on a weekly basis.

Should this global economic shutdown continue beyond June, the data Benchmark is collecting is pointing . . .

Login to continue reading!

This article is restricted to Benchmark Membership subscribers.


Not subscribed yet?

To subscribe or to find out more about Benchmark Membership click here or fill in the form below and a member of our team will be in touch with you as soon as possible.