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China Posts Strong NEV Battery Output – Xinhua

The output of lithium-ion batteries used for power storage and for powering new energy vehicles stood at more than 9 GWh and 30 GWh, respectively


Shares in Chinese mineral resources company Tianqi Lithium fell as much as 9.2% in their Hong Kong stock market debut on Wednesday.
A rechargeable lithium ion battery made for Volkswagen. Tianqi is also listed in Shenzhen and is one of the world's top producers of lithium chemicals for electric vehicle batteries. File photo: Reuters.

 

China’s lithium-ion battery output topped 82 gigawatt-hours (GWh) in the first two months of this year, indicating strong growth momentum buoyed by the takeoff of the new energy vehicle sector, Xinhua reported, citing official data.

Specifically, the output of lithium-ion batteries used for power storage and for powering new energy vehicles stood at more than 9 GWh and 30 GWh, respectively, according to the Ministry of Industry and Information Technology.

 


 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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