MIIT: China Lithium Battery Output Surges 24% YoY in January to February

According to the data from the Ministry of Industry and Information Technology, from January to February 2023, China's lithium-ion battery industry maintained a growth trend. According to data release from enterprises and estimates by research institutions, the total output of lithium batteries in China exceeded 102GWh from January to February, an increase of 24% year-on-year. The output of energy storage batteries exceeded 15GWh, while the installed capacity of power batteries for new energy vehicles was about 38GWh.