The downturn cycle of an industry often serves as a litmus test for a company's resilience. Currently, the lithium carbonate market is unfolding a new narrative of resilient growth.
Recently, data released by South Korean market research firm SNE Research showed that in the first quarter of 2025, global battery installations for electric vehicles (including battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles) reached 221.8 GWh, up 38.8% from 159.8 GWh in the same period last year.