Following a year characterised largely by disappointing performances from the electric vehicle (EV) and consumer electronics sectors, better days are ahead for battery market participants, with key markets for electric cars set to start growing again.
This is according to consultancy firm Wood Mackenzie (WoodMac), which notes that interest around electrification shows “no signs of slowing”.
“The value chain of a new ‘green’ automotive industry is being built, from mines and refineries through to cell and pack manufacturing. It’s still early days but investments and deals made in the coming months will be critical to EV adoption potential over the next decade.”