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They will not catch up: in September, China released two billion lithium batteries
31.10.2021 [16:59],
Gennady Detinich

One of the areas in which China considers itself a world leader is in the production of lithium-containing batteries. This is confirmed by the latest data released by the Ministry of Industry and Information Technology of China. In September alone, almost two billion lithium batteries (1.99 billion) were produced in the country, which is 26.6% more than in September last year. Production increased by more than a quarter. Let’s go to the break.

The production of lithium batteries in China in the period from January to September inclusive grew by 7.8% year-on-year and amounted to 12.57 billion pieces. Also, in the first nine months of 2021, the production of lead-acid batteries increased year-on-year: by 12.9% to 161.092 kVA. But the production of conventional batteries / batteries in the first nine months of this year decreased by 1.2% – to 29.32 billion pieces.

However, September even favored batteries, the demand for which is probably warming up as the New Year holidays approach. So, on an annualized basis, the production of batteries in September increased by 7.8% and amounted to 3.86 billion units. The production of lead-acid batteries in September also increased – by 25.2% – and reached 22.602 kVA.

From January to September, battery businesses nationwide revenues were 532.59 billion yuan ($ 79.64 billion), down 4.8% from a year earlier, and total profit was 26.74 billion yuan ($ 4 billion). , which is 8.3% more than in the previous year. These data indicate that, on average, batteries / batteries are getting more expensive, which is not surprising as the share of lithium-containing batteries is growing.

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