At the beginning of the new year, the Chinese lithium battery industry ushered in a wave of capacity expansion. Many leading battery companies including CATL, EVE Energy, and Rept Battero announced new progress in capacity construction projects.

Industry insiders said that the intensive expansion of leading battery companies is driven by both market demand and technological innovation.

With the rapid development of new energy vehicles, energy storage and other fields, the demand for lithium batteries continues to rise.

Faced with this market opportunity, companies are generally confident in the future development of the lithium battery market and are competing to increase production in order to maintain a favorable position in subsequent market competition, according to Chinese media reports.

To a certain extent, this indicates that the lithium battery industry is about to usher in a new stage of development, and the utilization rate of high-end production capacity is expected to gradually increase.