Rich lithium resource reserves: China’s total lithium resources account for about 7% of the world’s total, which makes China occupy an important position in the global lithium resource market.
Complete industrial chain: China has built a relatively complete and large-scale lithium battery industrial chain cluster. From lithium salt supply to new energy vehicles and energy storage industries, China occupies a leading position in the global market, especially lithium salt supply accounts for 68% of the global total supply.
Strong market demand: Driven by the global electrification wave, China’s new energy vehicle sales have grown steadily, the market penetration rate has exceeded 50%, and the demand for power batteries is strong. In addition, the rapid development of the energy storage market has also provided huge market demand for lithium batteries.
Technological innovation and industrial layout: Chinese power battery manufacturers focus on technological innovation and accelerate the research and development of semi-solid and all-solid batteries. Many companies have accelerated their overseas industrial layout and sought differentiated competition with the international market.
Policy support: The country’s attention to and policy support for the new energy industry have promoted the rapid development of the lithium battery industry. As early as around 2010, the country’s emphasis on the new energy industry led to the rapid development of the lithium battery industry, and many companies entered this market one after another.
Global market share: More than 70% of the world’s lithium batteries are produced in China, and Chinese companies account for 65.1% of the global power battery installed capacity market share.
Post time: Dec-17-2024