GGII: China Lithium Battery Anode Material Output Surpasses 1.35 Million mt in 2022

SHANGHAI, Jan 28 (SMM) - According to the research of Gaogong Industrial Institute (GGII), China's lithium battery anode material output stood at 1.37 million mt in 2022, an increase of about 90% YoY.

There are three reasons behind the growing anode material output in 2022. First, the output of Chinese NEVs reached 7.06 million units in 2022, a year-on-year increase of 96.9%, which drove the power battery shipments to increase by 112% year-on-year. Second, China's lithium battery energy storage market rose by 1.7 times year-on-year in 2022. Third, when production and power restriction eased after the Winter Olympics, the utilisation rate of graphitisation production capacity advanced, which helped release the anode capacity and lift its supply.