 |
| CATL Battery |
On September 29, a fire broke out at one of China's largest battery producers, CATL's, facilities in Ningde city, Fujian province. Local authorities reported that the fire was quickly contained, with no injuries recorded. The facility, which started operations in September 2020, is a key production site for CATL, but the company has reassured that the incident has caused only minimal disruption to its operations.
According to market participants, the fire has not yet affected the lithium market, a key material in battery production. CATL, responsible for 65% of China's battery output, produced 211GWh of batteries in the first half of 2024, a 37% increase compared to the previous year. The company has 13 production sites worldwide and remains a dominant force in the global new energy vehicle (NEV) and power battery industries.
Although this incident doesn't seem to have immediate market consequences, it brings to light ongoing concerns about battery safety, particularly regarding ternary batteries used in electric vehicles. These issues could impact consumer confidence in the growing NEV market in the long term.
We publish to analyze metals and the economy to ensure our progress and success in fierce competition.
No comments
Post a Comment