From January-November, the country’s NEV output increased by 167.40% to 3.02 million units and sales increased by 166.80% to 2.99 million units compared with the first 11 months of 2020, according to the China Association of Automobile Manufacturers (CAAM).
Strong NEV growth will draw on increased volumes of natural flake graphite in 2022, given that sector is becoming a major downstream consumer of fine graphite flake, and support for the material has been solid since the end of 2020.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India, with a vision of developing a world-leading benchmark flake graphite company.