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The power battery will be the main pillar of Lithium battery in the future
- Oct 10, 2018 -

In 2018, the national lithium battery production will reach 12.1 billion, with a growth rate of 22.86%.

Reported from Cable Network.


Recently, Zhiyan Consulting Co., Ltd. released the "Special Research and Investment Prospects Evaluation Report for China's Lithium Battery Market in 2018-2024".

 After 2018, the main areas of consumer batteries are difficult to develop due to market expansion. Market demand is expected to reduce consumption growth to around 10%. Overall, the demand for consumer lithium-ion batteries in 2018 will maintain a low growth rate of around 3%.

In 2018, the national lithium battery production will reach 12.1 billion, with a growth rate of 22.86%.

In sharp contrast to the decline in demand for consumer batteries, the demand for power batteries is growing rapidly. In 2017, China's lithium battery production exceeded 10 billion, with a growth rate of 27.81%. It is estimated that the output of lithium batteries in the country will reach 12.1 billion in 2018, with a growth rate of 22.86%.


The "Report" pointed out that in the next few years, new energy vehicles are still an important industry in China, and there is huge market space. It is expected that the output of new energy vehicles in China will exceed 1 million in 2018 and reach 2 million in 2020. The development of new energy vehicles has also enabled the rapid expansion of power batteries. It is expected that the power battery market will account for 60% of the market in 2018, becoming the main pillar of the future development of lithium batteries.

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