SHANGHAI, Sept. 29 (SMM) – Morgan Stanley cut its forecast for battery demand in 2018 by 21% to 51 gigawatts, but maintained its forecast for 2019-2020.
China will delay implementation of new energy vehicle credit policy by one year, which is the reason behind the downward revision in forecast.
Demand for high-quality battery will grow faster than supply from major battery producers in 2018, though.
It will become a trend for battery to replace internal combustion engine over the next five years.
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