China’s lead-acid and lithium-ion battery industries recorded double-digit growth in 2013 while nickel-metal hydride and nickel-cadmium exports fell, according to a report by SinoMarketInsight.
The report, ‘China Battery Industry Report 2014-2017’, states the yield of lead-acid batteries in China was 205m kVA, 15.4% more than 2012. This is somewhat of a rebound following the 2011 crackdown on what the Chinese government euphemistically called ‘backward lead-acid and secondary lead industry production capacities’.
China’s lithium battery exports saw 4.768 billion shipped units in 2013, a rise of 18.6% year-on-year. The report forecasts that declining lithium-ion costs will see growth continue for the foreseeable future.
The report states 810m nickel-metal hydride batteries were exported in 2013, which is a decline of 5.3% on 2012. The reports expects China’s nickel-metal hydride shipments to continue to decline due to substitutions by lithium-ion.
SinoMarketInsight predicts the market size of the Chinese battery industry as a whole will grow at a rate of over 8% in the next two years.