China News Agency, Beijing, February 27 (Reporter Liu Yuying) China's Ministry of Industry and Information Technology on the 27th released the operation of the national lithium-ion battery industry in 2024. In 2024, China's total production of lithium-ion batteries (hereinafter referred to as "lithium batteries") increased by 24% year-on-year.

The operation shows that in 2024, China's lithium-ion battery industry will continue to grow. According to the lithium battery industry specification announcement enterprise information and industry association estimates, the national total output of lithium batteries 1170GWh(GWH, 1 GWH is equal to 1 million KWH), an increase of 24%. The total output value of the industry exceeds 1.2 trillion yuan (RMB, the same below).

In the battery sector, the output of consumer, energy storage and power lithium batteries in 2024 will be 84GWh, 260GWh and 826GWh, respectively. The installed capacity of lithium batteries (including new energy vehicles and new energy storage) exceeded 645GWh, an increase of 48% year-on-year. Affected by the decline in the price of lithium battery products, the total export of lithium batteries in the country last year was 434.8 billion yuan, down 5% year-on-year, and narrowed by seven percentage points from the first half of 2024. (over)