China's Lithium Battery Production Soars 20% Year-on-Year in First Half, Boosting Exports to 193.4 Billion Yuan

Published: Aug 27, 2024 09:57
China's Lithium Battery Production Increases by 20% Year-on-Year from January to June" According to data from the Ministry of Industry and Information Technology, China's lithium battery industry continued its growth momentum from January to June this year, with production increasing by 20% year-on-year and total exports reaching 193.4 billion yuan. With the continuous growth of the lithium battery industry, many domestic lithium battery manufacturers have accelerated their plans to build factories overseas recently.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
West Africa's Largest Lithium Processing Plant Starts Operations
2 hours ago
West Africa's Largest Lithium Processing Plant Starts Operations
Read More
West Africa's Largest Lithium Processing Plant Starts Operations
West Africa's Largest Lithium Processing Plant Starts Operations
West Africa's largest lithium processing plant has officially commenced operations in Nigeria's Nasarawa State. The facility has a designed processing capacity of 6,000 tonnes of lithium ore per day, equivalent to around 30,000 tonnes of lithium carbonate equivalent (LCE) annually. The project is operated by Diamond Energy Group, with Jiuling Lithium and Tianhua New Energy each holding a 50% stake.
2 hours ago
[SMM Analysis] Indonesia's May Sulphur and Sulphuric Acid Import and Export Data
5 hours ago
[SMM Analysis] Indonesia's May Sulphur and Sulphuric Acid Import and Export Data
Read More
[SMM Analysis] Indonesia's May Sulphur and Sulphuric Acid Import and Export Data
[SMM Analysis] Indonesia's May Sulphur and Sulphuric Acid Import and Export Data
[SMM Analysis] Indonesia's May Sulphur and Sulphuric Acid Import and Export Data
5 hours ago
Samsung SDI's "Contrarian Gamble": Betting 2.5 Trillion Won on Next-Generation Batteries to Rewrite the Global Energy Landscape [SMM Analysis]
5 hours ago
Samsung SDI's "Contrarian Gamble": Betting 2.5 Trillion Won on Next-Generation Batteries to Rewrite the Global Energy Landscape [SMM Analysis]
Read More
Samsung SDI's "Contrarian Gamble": Betting 2.5 Trillion Won on Next-Generation Batteries to Rewrite the Global Energy Landscape [SMM Analysis]
Samsung SDI's "Contrarian Gamble": Betting 2.5 Trillion Won on Next-Generation Batteries to Rewrite the Global Energy Landscape [SMM Analysis]
[SMM Analysis: Samsung SDI’s “Contrarian Big Bet” — 25 Trillion Won Staked on Next-Generation Batteries Could Rewrite Global Energy Landscape] Samsung SDI disclosed a regulatory filing on July 3, announcing an investment of approximately 16 trillion won (about 88 billion yuan) into its Ulsan plant by 2040, to build large-scale production sites for all-solid-state batteries, LFP batteries for ESS, and sodium-ion batteries. A day earlier (July 2), the company had announced an investment of 9 trillion won into its Cheonan plant, for setting up a mother production line for next-generation battery technology verification and R&D facilities. Combined, the two investments total 25 trillion won, spanning a period of 14 years and lasting until 2040.
5 hours ago
China's Lithium Battery Production Increases by 20% Year-on-Year from - Shanghai Metals Market (SMM)