In the first half of 2021, China's lithium-ion battery production increased more than 60% year on year. The growth in this indicator is due to the country's desire to achieve a peak in carbon dioxide emissions and carbon neutrality. This is evidenced by the official data of the Ministry of Industry and Informatization of the PRC.
According to the data, in January-June of this year, the production volume exceeded 110 GWh, and the value of the industry's production amounted to more than 240 billion yuan (about 37.1 billion US dollars).
During the reporting period, the country's lithium-ion battery exports jumped nearly 70% year on year to 74.3 billion yuan, customs data showed.
The quality of the products and the level of technology in this sector is constantly improving as more attention is paid to the safety of batteries, and protective measures such as temperature measurement, thermal insulation and water cooling are being applied at an ever faster pace.
The development of the photovoltaic power sector in China has also spurred the production of lithium-ion batteries for energy storage. In January-June of this year, production of lithium-ion batteries for energy storage rose 260% year on year to 15 GWh, the aforementioned ministry said.