Xia Ri
Recently, a series of walkie-talkie explosion incidents in Lebanon has drawn global attention, particularly regarding the issue of lithium batteries overheating and exploding due to hacking software. This is expected to have a significant impact on China. According to the latest data from the Chinese Ministry of Industry and Information Technology, China’s total lithium battery production exceeded 940 GWh in 2023, marking a 25% year-on-year increase. Research from the China Business Industry Research Institute indicates that in 2023, China’s lithium battery production accounted for 73.8% of the global total, and it is projected that shipments will surpass 1,000 GWh in 2024.
In the electric bicycle market, the current Chinese ownership of electric bicycles has exceeded 350 million, with over 50 million of those equipped with lithium batteries. In the electric vehicle (EV) sector, as of the end of June 2024, the number of new energy vehicles (NEVs) reached 24.72 million, accounting for over half of the global total. If domestic policies continue to support EVs, the application scale of lithium batteries is expected to keep increasing.
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