Over 60 Companies Have Made Foray into Upstream Sectors of Lithium Battery Industry Chain, NEV Sales to Rise Further in H2

SHANGHAI, Jun 6 (SMM) - With the continued resumption of work and production in China's industry chain in late May, the price of lithium carbonate went up. In the face of rising prices of upstream resource products, domestic new energy industry chain companies have set foot in the upstream sectors. Since the beginning of this year, more than 60 companies have announced investment plans for the lithium battery industry chain. Many new energy vehicles have successively announced their sales data for May, many of whom have achieved over 100% month-on-month growth. Driven by subsidies for new energy vehicles, market participants predict that the penetration rate of NEVs will accelerate in the second half of this year and the overall sales will increase further.