China's lithium battery market shipments to exceed 1,100GWh in 2024

In 2024, China's lithium battery market shipments are expected to exceed 1,100GWh, a year-on-year increase of 27%, officially entering the TWh era. Among them, power battery shipments will exceed 820GWh, and energy storage battery shipments will exceed 200GWh. On the material side, it is expected that in 2024, the shipments of the four major materials in China's lithium battery industry will achieve a year-on-year growth of more than 20%.