Slowing EV Demand and Rising Costs Weigh On Global Battery Investment

Following four consecutive years of significant growth, this year is set to see a sizeable decline in global battery investments for the first time since 2020, according to Rystad Energy research. A slump in battery infrastructure investments in mainland China is largely responsible for the global slowdown, as the Asian economic powerhouse navigates phases of growth driven by policy change, increased electric vehicle (EV) adoption, supply shortages, rising raw material costs and rapid capacity expansion. A global leader in battery dynamics, China…