Why are China's Lithium battery exports growing so fast?

China's lithium battery exports have experienced explosive growth this year, driven by the pull of overseas demand, according to a report by CCTV Finance on Aug 23. As per the latest data from the General Administration of Customs, the export value of lithium battery products in China increased 58.9 percent in the first seven months of this year.

Are Chinese lithium battery companies leading the world?

Liu Qi, a researcher at the Beijing Institute of Technology, said in an interview with Securities Daily that "Chinese lithium battery companies are leading the world in terms of industrial scale and the integrity of the entire industry chain and are in a leading position globally."

Will China play a role in the lithium industry?

Given China’s influence in the lithium supply chain, we expect Chinese companies will likely play an integral role in the lithium industry for years to come. LIT: The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.

Will China regulate the lithium battery market?

China issued draft rules on Wednesday to regulate its lithium battery market, after rapid expansion in the sector hit industry profits and sparked concerns about overcapacity in international market.

What percentage of lithium is produced in China?

In the upstream, China only accounts for 14% of global lithium production. 15 Despite this, Chinese companies established an upstream presence in recent years through a buying spree of stakes in mines around the world. The buying spree is being conducted by battery makers and miners alike.

Does China have a sustainable lithium-ion supply chain?

While China still has the strongest established supply chain, the increasing importance of sustainability across the lifecycle of lithium-ion batteries means the region must take a more proactive approach to tackle ESG issues to benefit its supply chain in the long term.