At Fastmarkets’ Battery Material Conference held in Shanghai last week, there was much focus among participants on how China’s EV policies will support nickel-rich lithium-ion battery demand in medium to long term. Below are some important highlights from this discussion: The halving of China’s new energy vehicle (NEV) subsidies in late March (to 18,000 yuan ($2,680) for EVs with a driving range of 250-400km and 25,000 yuan for those over 400km) will have a positive impact on the production of lithium-ion phosphate (LFP) batteries in the short term. Under pressure of high production costs, LFP batteries would be the choice for some medium-to-low-end EVs. Separately, China’s dual credits policy, formally...
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