According to data released by the General Administration of Customs, the cumulative export amount of "new three" (lithium batteries, solar cells, electric vehicles) represented products in the first three quarters of this year reached 798.99 billion yuan, an increase of 41.7% year-on-year, and the proportion of China's exports increased by 1.3 percentage points. The General Administration of Customs also said that the export value of "new three" products has maintained double-digit growth for 14 consecutive quarters.
Looking at the overall situation of the domestic lithium battery industry this year, lithium battery exports have become an important growth pole to make up for the fluctuation of the domestic market. Since 2023, the domestic lithium battery industry has entered a cyclical inventory reduction, resulting in price wars and thin profits. However, many lithium battery companies have achieved good growth in overseas business.
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