14 August 2025 Asia EV Battery Equities Turning the tide – supply-side boost Asia From demand fatigue to supply-driven revival: While weak demand for electric vehicles (EV) has long been priced in, supply-driven price movements, such as a recent surge in lithium prices, could inject fresh momentum into the sector. Over the past three years, a deeper slump with the reversal of policy tailwinds has caused broad-based cuts to earnings, production, and investment guidance across battery supply chains. We now se ...