China's Battery New Energy Industry Sees Investment Rationalization Amid Market Changes

Despite a significant decrease in the number and amount of investment projects in China's battery new energy industry in the first half of 2025, this tightening of pace does not indicate stagnation in development. Rather, it reflects a collective 'strategic deep breath,' signaling a profound industrial transformation. In the first half of 2025, there were 122 reported projects, with 95 announcing a total investment of approximately 233.3 billion yuan, a notable decline compared to previous years. This trend showcases a rational adjustment in capacity expansion, with the total investment amount falling sharply from over 937.7 billion yuan in the first half of 2023 to just 233.3 billion yuan in the first half of 2025, marking a nearly 50% reduction. The industry is transitioning from reckless expansion to precise deployment in response to market demands. Investment in solid-state and sodium batteries is accelerating, showing a shift towards core applications and technology-driven strategies. The battery recycling sector is also gaining momentum, with predictions that it will reach a market scale exceeding 100 billion yuan by 2030. Overall, the first half of 2025 represents a crucial turning point in the battery new energy industry, characterized by technological revolutions and a globalized layout.