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Published on May 24th, 2016 | by James Ayre


China’s Lithium-Ion Battery Production Tripled In 2015

May 24th, 2016 by  

China’s lithium-ion battery market is booming thanks to government support for electric vehicles, according to a new report from CCM (a major market analysis firm for the country’s chemicals, agriculture, food, and life sciences, markets).

BYD e6 3The report revealed that in May 2016 alone, around RMB2.6 billion (~$400 million) was put into the country’s lithium-ion battery sector — most of the funds originating from Tianqi Lithium, Ganfeng Lithium, and GEM CO.

The growth of the Chinese electrochemical energy storage market over the past 5 years has notably eclipsed the global average, the report also notes, with a CAGR (2010–2015) of 110%. That’s roughly 6 times higher than the global figure. The lithium-ion battery market accounted for about 66% of that market.

“In 2014, China produced 5.43 billion Li-ion batteries, with a CAGR of around 40% and accounting for about 70% of the total output in the global, according to CCM’s new report Market and Development Trend of Li-ion Battery in China, 2016–2020,” Green Car Congress writes.

“The output of Li-ion battery exceeded 5 million for the first time in 2014 and reached 5.6 million in 2015, up by 3.13% year-in-year. As for the capacity, in 2015, the domestic output of power Li-ion battery increased to 15.7 GWh, triple than that of the last year. With the price of upstream raw materials increasing coupled with rising sales volume of the downstream products, most listed Li-ion battery companies have recorded great growth in both its revenues and net profits, CCM said.”

Many major companies have been investing in the country’s lithium-ion battery industry — Samsung SDI and LG Chem amongst them. As growth continues, local investment levels are likely to continue rising as well. Up to a point, of course.

Photo by Kyle Field for CleanTechnica & EV Obsession

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About the Author

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.

  • Yeah, excellent news! China is the leading EV market now. They have dozens of models, even several supercars.

    • Bristolboy

      The good news is this is being caused by more than just EVs as fixed storage is also starting to pick up.

    • super390

      I don’t think the supercars are really for sale yet but they’re irrelevant. The normal-size cars in production are mediocre but they’re comparable to Nissan Leafs. I’m not thrilled by the prices, yet. The microcars are like all those 30 mph neighborhood electric vehicles you saw back around 2008, but in China the things actually sell and they’re super-cheap.
      There’s no biological imperative that Chinese people have to have freeway-capable cars as Americans understand them. They might not even bother to own cars. China already has shared-EV companies, where giant buildings act as Pez dispensers spitting the cars out at the bottom.

      • Faraday Future etc. irrelevant? Have you been living in cage for a few months?

        • Peter Waegemans

          That may have Chinese backing but they might initially focus on the US market where people seem to lose interest if an EV doesn’t come with 400 km range and ludicrous mode. But in Asia, as much as European cities and crowded regions, I think the EV revolution will also imply less privately owned cars and more sharing programs. They’re probably cars with moderate range and moderate speed, so yes, supercars may be irrelevant.

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