China s lithium battery energy storage prospects

What is China's Lithium-based new energy industry?

The industry of lithium-based new energy is defined as a strategic emerging industry in China. In 2022, China’s lithium battery exports amounted to nearly CNY 342.7 billion. China’s lithium-ion battery shipments reached a total of 660.8 GWh in 2022, accounting for over 60% of the global market share.

Will China contribute more lithium battery raw materials to the world?

With the advancement of China’s lithium battery and new energy vehicle production technology, China will contribute more lithium battery raw materials, materials, lithium batteries, and new energy vehicles to the world in the future, which will further increase the supply and demand pressure of lithium resources in the new energy industry.

Will China's Lithium-ion battery industry become a big problem?

White Paper on the Development of China’s Lithium-Ion Battery Industry in 2022; EVTank: Beijing, China, 2023. [ Google Scholar] Li, Z.; Zeng, C. Mystery of “Ning Wang (CATL)” Lithium Mine: It Has Million Tons of Capacity of Lithium Resources and the Mine Tailings Facility May Become a Big Problem.

Which industry has the highest demand for lithium batteries?

Among them, the proportion of lithium consumption in lithium battery industry has increased from 57% in 2014 to 69% in 2019 (see Supplementary Table S3). The new energy vehicle industry has gradually grown into the industry with the largest demand for lithium batteries.

How location factors affect the technological innovation of China's Lithium battery industry?

To sum up, the paper believes that the technological innovation of China's lithium battery industry has been affected by location factors, which are mainly formed through cost, market, and knowledge.

What are the disadvantages of China's Lithium-based new energy industry?

China’s lithium-based new energy industry also has some disadvantages, and one of the most prominent of these is its lithium resource bottleneck. The lithium-based new energy industry is a system of major components, such as lithium mining, linked together in an intimate and interdependent relationship.