Writing Team
SUBSCRIBEThe world's largest cell maker doubled its finished goods inventory in six months while running 95% utilization. RMB 47.6 billion in unsold product, backed by RMB 372 billion in cash. We kept returning to that because it changes what the flat cell price tape means. The surplus is growing at twice last year's rate industry-wide, and the entity holding the largest share has no financial reason to move it on anyone else's timeline. The price looks stable. Underneath it is a holder choosing when to release, with the balance sheet to choose slowly. This issue is about what that tape leaves out.
Former commodity analyst turned specialist writer covering Asian battery supply chains. Spent six years at a mid-tier trading house in Hong Kong before turning to independent market intelligence. Her analysis is built on second-derivative tracking and reality-gap measurement — where the market actually is versus where inputs say it should be.
Ronan Adike is a PhD electrochemist who spent fifteen years moving from the SEI to the supply chain — developing, qualifying, and shipping novel battery technologies into applications that had no playbook. He writes for engineers who need a number they can defend, not a headline they can forward.
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