What's new in China's Lithium-ion battery industry?

BEIJING, June 19 -- China's Ministry of Industry and Information Technology on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote the high-quality development of the sector.

How did China's Lithium-ion battery sector perform in 2023?

BEIJING, March 2 -- China's lithium-ion battery sector sustained its growth momentum in 2023, with the total output rising 25 percent year on year, official data showed. The sector saw its total output of lithium-ion batteries exceed 940 gigawatt-hours (GWh) last year, according to the Ministry of Industry and Information Technology.

How many lithium ion batteries are produced in China?

China produced more than 15 billion units of lithium-ion batteries in 2019, which accounts for 73% of the world's 316 gigawatt-hours capacity. China is a significant producer of lithium batteries and electric vehicles, supported by government policies.

Is China's lithium supply chain a linchpin in the global lithium market?

Analysis of material flow and network metrics of the lithium supply chain network In Fig. 1, China's lithium supply chain emerges as a linchpin in the global lithium market, accounting for 80.61% of global lithium resource consumption in 2021—equivalent to 456.29 kt of LCE.

Which country is leading the lithium-ion battery supply chain?

The US was in sixth place last year. China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry.

Does China own lithium?

China continues to buy stakes in mining operations around the world. The world's largest lithium mine in Australia, Greenbushes, is controlled by China's Tianqi Lithium with its 51% stake. In the decade since 2010, the market capitalization of China's lithium battery has had an average annual growth of 14%.