According to the Ministry of Industry and Information Technology's Electronic Information Department, China's lithium-ion battery industry continued its growth trend in the first two months of 2024. Based on information from industry standards announcements and industry association estimates, the total national production of lithium batteries exceeded 117 GWh in January and February, representing a 15% year-on-year increase.

In the battery segment, the production of energy storage lithium batteries surpassed 17 GWh in the first two months. The installed capacity of power-type lithium batteries for new energy vehicles was approximately 50 GWh. The total value of lithium battery exports reached 61.94 billion yuan during January and February.

In the first-tier materials segment, the production of positive electrode materials reached 277,000 tons, showing a 4.5% year-on-year increase. The production of negative electrode materials reached 230,000 tons, demonstrating a 5.6% year-on-year increase. The production of separators reached 2.45 billion square meters, maintaining the same level as the same period last year. The production of electrolytes reached 135,000 tons, indicating a 3.8% year-on-year increase.

In the second-tier materials segment, the production of battery-grade lithium carbonate and lithium hydroxide reached 75,000 tons and 41,000 tons, respectively. The average prices of battery-grade lithium carbonate and lithium hydroxide (micro-powder grade) in January and February were 97,000 yuan/ton and 92,000 yuan/ton, respectively.

Source: Industrial Information Bulletin, translated.