As the terawatt-hour (TWh) era dawns, the lithium battery industry is witnessing transformative changes, with growing demands for substantial delivery of product performance and quality, alongside an accelerated pace of industrial technology advancements.
An integral part of lithium batteries, the electrolyte, is experiencing considerable evolution. China's electrolyte industry signed 33 new expansion projects in 2022 alone, bringing total investments in electrolyte projects to an impressive ¥60 billion ($9.3 billion). The industry's landscape has become increasingly competitive due to swift capacity expansion and continuous market entry, making the threat of overcapacity very real.
Farnlight, a rising star. . .
