According to the report, the main reason is that in the past year or two, the number of customers in the Ningde era has increased significantly, resulting in unstable supply and demand, and car manufacturers have begun to reduce their dependence on Ningde. In addition, more electric vehicles abandoned Ningde’s lithium iron phosphate battery (LFP) and switched to nickel-cobalt-manganese (NCM) ternary battery, which also caused Ningde to lose orders. Third, Ningde’s factories are concentrated in China. For car manufacturers developing the international market, it is more beneficial for battery manufacturers with overseas production bases.
other reports
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