BTR bets big on EV market to drive growth

Shenzhen BTR New Energy Materials Inc, the world's leading anode materials supplier for lithium-ion batteries, said it is betting big on the development of the electric vehicle market to drive stronger growth of its business.

"The Chinese EV industry is growing at a fast speed. It is expected to become one of the most important EV markets in the world," said Huang Youyuan, deputy general manager of the company.

"That will promote the development of the battery sector, thereby creating greater momentum for our future growth," he added.