China Lithium-ion Battery Production Booming

May. 24, 2016 10:53AM PST

Lithium-ion battery production has tripled in 2015, Clean Technica reported. As quoted in the publication: The report revealed that in May 2016 alone, around RMB2.6 billion (~$400 million) was put into the country’s lithium-ion battery sector — most of the funds originating from Tianqi Lithium, Ganfeng Lithium, and GEM CO. The growth of the Chinese …

Lithium-ion battery production has tripled in 2015, Clean Technica reported.
As quoted in the publication:

The report revealed that in May 2016 alone, around RMB2.6 billion (~$400 million) was put into the country’s lithium-ion battery sector — most of the funds originating from Tianqi Lithium, Ganfeng Lithium, and GEM CO.
The growth of the Chinese electrochemical energy storage market over the past 5 years has notably eclipsed the global average, the report also notes, with a CAGR (2010–2015) of 110%. That’s roughly 6 times higher than the global figure. The lithium-ion battery market accounted for about 66% of that market.

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