China’s Lithium-Ion Battery Sector Expands In First Two Months

China’s lithium-ion battery sector maintained growth momentum in the first two months of this year, official data showed.

   Total output of lithium-ion batteries exceeded 102 gigawatt-hours (GWh) in the period, jumping 24 percent year on year, according to the Ministry of Industry and Information Technology.

   The output of lithium-ion batteries for power storage surpassed 15 GWh. The installed capacity of power batteries for new energy vehicles came in at about 38 GWh.

   China’s exports of lithium-ion batteries reached 70.6 billion yuan (about 10.26 billion U.S. dollars) in the first two months.