Domestic firms top EV battery installations

With the electric vehicle battery installation growing globally despite a slowdown in EV sales, Chinese battery makers have gained a larger footprint in the sector in the first ten months of this year.

Experts said a supply surplus in the lithium carbonate industry drove down prices of raw materials, benefiting battery makers and buoying the EV sector.

China's battery firms are poised to grow further amid ongoing price declines and advancements in technology, they added.