Amid Eye-Watering Lithium Prices, Battery Chief Warns of Overcapacity

What’s new: As lithium prices continue to hit record highs, the chairman of one large Chinese lithium-ion battery-maker has warned of an approaching supply glut between now and 2024, as a recent capacity build-up looks set to outstrip demand for electric-vehicle (EV) batteries over the next few years.

“The excess in supply could emerge next year,” said Liu Jincheng of Eve Energy Co. Ltd. (300014.SZ), China’s sixth-largest battery supplier, referring to both the batteries and the raw metal input.