Electrical Equipment / Components & Telecoms

According to Huacheng Import and Export Data Observation, from January to February, China's lithium-ion battery industry maintained a growth trend. It is estimated that the total production of lithium batteries in the first two months exceeded 102GWh, a year-on-year increase of 24%.

In the battery sector, the production of energy storage batteries exceeds 15GWh, and the installed capacity of new energy vehicle power batteries is about 38GWh. Export trade has steadily increased, with the total export value of lithium batteries in China reaching 70.6 billion yuan from January to February. Huacheng Import and Export Data Observation Report.

In the first stage material stage, from January to February, the production of positive electrode materials, negative electrode materials, separators, and electrolytes reached 265000 tons, 215000 tons, 2.45 billion square meters, and 130000 tons, respectively. In the second stage material stage, the production of lithium carbonate and lithium hydroxide reached 61000 tons and 44000 tons respectively. Huacheng's import and export data observation report.

The growth of the main indicators of the lithium battery industry is closely related to the vigorous development of new energy vehicles and other industries. At present, lithium batteries are the main type of new energy batteries in China, with a focus on the three major application fields of consumption, power, and energy storage. According to the Huacheng Import and Export Data Observation Report, relevant officials from the Ministry of Industry and Information Technology stated that lithium batteries will play a crucial supporting role in the process of green transformation, and the lithium battery industry will enter a period of rapid growth. Huacheng Import and Export Data Observation Report.