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.
Battery production in China is more integrated than in the United States or Europe, given China’s leading role in upstream stages of the supply chain. China represents nearly 90% of global installed cathode active material manufacturing capacity and over 97% of anode active material manufacturing capacity today.
The output of lithium-ion batteries reached 324 GWh in 2021, soaring 106 percent year-on-year, according to the Ministry of Industry and Information Technology. Specifically, the output of lithium-ion batteries used for consumer products reached 72 GWh, up 18 percent year-on-year.
Specifically, the output of lithium-ion batteries used for consumer products reached 72 GWh, up 18 percent year-on-year. Output of those used for power battery and energy storage stood at 220 GWh and 32 GWh, respectively, which represented a year-on-year increase of 165 percent and 146 percent.
Production in Europe and the United States reached 110 GWh and 70 GWh of EV batteries in 2023, and 2.5 million and 1.2 million EVs, respectively. In Europe, the largest battery producers are Poland, which accounted for about 60% of all EV batteries produced in the region in 2023, and Hungary (almost 30%).
Last year, the industry's total production value exceeded 600 billion yuan (about $94.72 billion), the data show. China's lithium-ion batteries reported solid growth last year amid nationwide endeavors to peak carbon dioxide emissions and achieve carbon neutrality, official data shows.
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