H. Yoo
Research expert covering South Korea
Battery industry in China - statistics & facts
In recent years, China’s battery industry has enjoyed a period of rapid and substantial expansion. Since 2010, lithium ore production in the country has surged nearly tenfold, accompanied by significant expansions in the production of essential raw materials such as cathode materials and battery electrolytes. As downstream sectors, including consumer electronics and new energy vehicles, have matured, demand for batteries in China has increased dramatically, pushing the industry to record-breaking output levels. As a result, the country has consolidated its position as the world’s leading producer and exporter of batteries.
