As of 2023, mid-stream merger and acquisition transactions accounted for the largest share of deals in the Chinese battery sector. At the start of 2023, the government subsidy for new energy vehicles ran out. Before the end of the program, the value and number of deals gradually increased.
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Deloitte. (February 21, 2024). Number of up-, mid-, and downstream merger and acquisition transactions in the battery industry in China from 2019 to 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/1462993/china-number-of-up-mid-and-downstream-investments-in-the-battery-sector-2023/
Deloitte. "Number of up-, mid-, and downstream merger and acquisition transactions in the battery industry in China from 2019 to 2023." Chart. February 21, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/1462993/china-number-of-up-mid-and-downstream-investments-in-the-battery-sector-2023/
Deloitte. (2024). Number of up-, mid-, and downstream merger and acquisition transactions in the battery industry in China from 2019 to 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/1462993/china-number-of-up-mid-and-downstream-investments-in-the-battery-sector-2023/
Deloitte. "Number of Up-, Mid-, and Downstream Merger and Acquisition Transactions in The Battery Industry in China from 2019 to 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 21 Feb 2024, /statistics/1462993/china-number-of-up-mid-and-downstream-investments-in-the-battery-sector-2023/
Deloitte, Number of up-, mid-, and downstream merger and acquisition transactions in the battery industry in China from 2019 to 2023 ÌÇÐÄÆƽâ°æ, /statistics/1462993/china-number-of-up-mid-and-downstream-investments-in-the-battery-sector-2023/ (last visited August 04, 2026)
Number of up-, mid-, and downstream merger and acquisition transactions in the battery industry in China from 2019 to 2023 [Graph], Deloitte, February 21, 2024. [Online]. Available: /statistics/1462993/china-number-of-up-mid-and-downstream-investments-in-the-battery-sector-2023/
