Industry Overview: China is the world's largest producer of lithium-ion batteries. The industry has experienced rapid growth since 2015, driven primarily by the demand from the electric vehicle, consumer electronics, and energy storage sectors.
Market Size: In 2020, the market was segmented into consumer electronics, power batteries, and energy storage batteries. The first half of 2021 witnessed significant growth in all segments, particularly in electric vehicles and energy storage.
Power Batteries: The growth of power batteries is primarily driven by the electric vehicle market. While the industry is expanding rapidly, it faces challenges such as shortages of raw materials.
New Energy Storage: New energy storage is rapidly growing and serves as a crucial tool for achieving carbon neutrality goals. The installation capacity for new energy electrochemical storage is expected to increase substantially.
Key Materials: Production capacities for positive and negative electrode materials, separators, and electrolytes have increased, but supply-demand imbalances persist.
Export Situation: China is one of the world's largest exporters of lithium-ion batteries, experiencing significant growth in export volume and value.
Future Prospects: The Chinese lithium-ion battery industry is poised to maintain robust growth and emerge as a key player in the global market, driven by policy support and increasing market demand.