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Hunan Yutai stated in a conference call that the company is optimistic about the growth prospects of demand for phosphate cathode materials in the market. In terms of power batteries, the accelerated penetration of new energy vehicles, along with the accelerated electrification of market segment (segmented markets, such as commercial vehicles), and an increase in the average battery capacity per vehicle, are expected to drive sustained growth in the power battery market. In the energy storage sector, multiple positive factors are driving the rapid development of the energy storage market. As a key link in the lithium-ion battery supply chain, the market demand for phosphate cathode materials is expected to maintain strong growth, driven by both power batteries and energy storage batteries.
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