Employees work on the production line of a lithium battery producer in Hai'an, Jiangsu province. ZHAI HUIYONG/FOR CHINA DAILY China's lithium batteries are gaining increasing favor amongoverseas buyers with advancing technologies and improving services, as well as surging demand for electric vehicles worldwide, experts said.
The export surge took place throughout last year. China's total lithium battery exports in 2022 amounted to342.65 billion yuan, an increase of 86.7 percent year-on-year, according to the Ministry of Industry and Information Technology.
Recycling and Reuse of Battery Materials: The EU's new directives mandate specific quotas for incorporating recycled materials in power batteries. However, China currently lacks a robust mechanism to validate the use of recycled raw materials in batteries. This absence of a verification system might pose significant challenges for future exports.
This strategic move is tailored to ensure seamless battery trade relations between China and the EU. It's pivotal to note China's overwhelming presence in the battery production landscape, holding a staggering 77% of the global market share.
The supply of the minerals required to make lithium-ion batteries must grow by a third every year this decade to meet the estimated global demand. Tens of millions of batteries will be needed in America alone to meet its ambition to ensure half of all American vehicle sales involve electric vehicles by 2030.
These new guidelines introduce significant changes poised to impact battery producers across the globe, with companies in China and Taiwan being at the forefront of these challenges. Key Highlights of the New Regulations: Beginning in 2027, any power batteries destined for European markets will mandatorily require a "Battery Passport."
China''s lithium batteries are gaining increasing favor among overseas buyers with advancing technologies and improving services, as well as surging demand for electric …
5 · China''s lithium battery exports have experienced explosive growth this year, driven …
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China''s lithium batteries are gaining increasing favor among overseas buyers …
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China''s lithium battery industry is seeing rapid growth amid sky-high demand from the electric …