China's lithium ion battery exports continue to grow, with Asia-Pacific and the Americas being the main export destinations

12/31/20 12:00 AM EST

China's lithium ion battery exports continue to grow, with Asia-Pacific and the Americas being the main export destinations

China's lithium ion battery exports continue to grow, with Asia-Pacific and the Americas being the main export destinations

Driven by the rapid development of new energy technology, the lithium-ion battery industry has developed rapidly, and China has gradually become the main exporter of lithium-ion battery products. This article introduces the scale and export structure of China's lithium-ion battery exports in detail.

Major listed companies in the battery industry: At present, domestic lithium-ion battery listed companies include CATL (300750.SZ), Xinwangda (300207.SZ), BYD (002594.SZ), Guoxuan Hi-Tech (002074.SZ), etc.

The core data of this article: China's lithium-ion battery export volume, China's lithium-ion battery export value, China's lithium-ion battery export value ratio
The total export scale continues to increase

Batteries can be divided into chemical batteries, physical batteries and biological batteries according to the original energy that generates electrical energy.

At present, chemical battery is the battery with the widest range of use and application, which is closely related to human social and economic activities, and is also the main variety of battery exports in my country. Among them, lithium-ion batteries belong to one of the sub-categories of secondary batteries in chemical batteries.

A lithium-ion battery is a rechargeable battery that mainly relies on the movement of lithium ions between the positive and negative electrodes to work. During the charging and discharging process, Li+ intercalates and deintercalates back and forth between the two electrodes: when charging the battery, Li+ is deintercalated from the positive electrode, intercalated into the negative electrode through the electrolyte, and the negative electrode is in a lithium-rich state; the opposite is true during discharge. Generally, a battery containing a lithium element is used as an electrode. It is the representative of modern high-performance batteries.
According to statistics from the China Chemical and Physical Power Industry Association, since 2016, my country's lithium-ion battery export volume and export value have continued to increase.

In 2020, my country's export volume of lithium-ion batteries was 2.221 billion, a year-on-year increase of 6.42%. In 2020, the export value of lithium-ion batteries was US$15.94 billion, a year-on-year increase of 22.32%.
Asia Pacific and America are the main export destinations

In terms of export volume, at present, the number of lithium-ion batteries exported from my country to Asian countries and regions far exceeds that of other countries. In 2020, the number of lithium-ion batteries exported from China to Hong Kong, my country will be 505 million; 402 million pieces; 351 million pieces exported to India; 169 million pieces exported to the United States; 109 million pieces exported to South Korea. Of the top five regions, only the U.S. is not in Asia Pacific.
From the perspective of battery export value, at present, the region with the highest export value of lithium-ion batteries in China is the United States. In 2020, the value of lithium-ion batteries exported to the United States is 2.486 billion US dollars, accounting for 15.60% of the total export value. Hong Kong, Germany, Vietnam and South Korea closely, accounting for 11.68%, 9.31%, 9.09% and 8.96% of the export value respectively.

From the point of view of battery export destination, currently. my country's lithium-ion batteries are mainly exported to Asia Pacific and the Americas. In terms of price, the price of products exported to the Americas is significantly higher than that of the Asia-Pacific region, mainly because the demand for lithium-ion batteries in the Americas region is higher than that in the Asia-Pacific region.

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