DALIAN, China/TOKYO -- China's top makers of electric vehicle battery materials will spend at least 71 billion yuan ($10.8 billion) to scale up output, in some cases tripling production capacity in products they have come to dominate.
The planned investments cover all key components of lithium ion batteries, publicly available capital expenditure plans released by 13 manufacturers show. Some companies have not disclosed timelines for investment or the volume of production expansion.
