China’s lithium-ion battery output surges in 2021

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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.

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.

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.Last year, the industry’s total production value exceeded 600 billion yuan (about 94.72 billion U.S. dollars), the data show.— Xinhua

 

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