1. Market: Domestic lithium battery companies have occupied a core global position，withcontinuous overseas large orders
China is the main producer and exporter of lithium batteries globally, and its lithium batteryshipments have been ranked first in the world for several consecutive years.
According to industry data, the shipment volume of power lithium batteries in China in 2023 was630GWh, accounting for over 70% of the global market share; The shipment volume of energystorage lithium batteries exceeds 200GWh, accounting for over 90% of the global market. Amongthe top 10 global lithium battery companies, Chinese companies occupy six positions，andcompanies such as CATL and BYD continue to increase their market share in China and overseas.
2. Engineering: China has outstanding advantages in lithium battery manufacturing capabilities
China’s lithium battery production capacity accounts for over 70% of the world’s total.Batterymanufacturers and equipment suppliers have rapidly iterated technology through rich practiceand large-scale construction processes,and their engineering capabilities have continuouslyimproved.They have formed excellent competitiveness in cost control, equipment production,equipment accuracy, and other aspects. A group of supply chain enterprises have also set up newproduction capacity overseas.According to incomplete statistics from GGll, more than 20 lithiumbattery material companies have set up factories overseas in 2023 alone, including key materialsand structural components of lithium batteries, with a planned total investment of over 115billion yuan.
3.Founding, the lithium battery industry remains the main force in attracting funds
According to GGll statistics,since 2023, Chinese lithium battery industry chain enterprises haveraised a total amount of nearly 100 billion yuan through lIpOs, of which the lithium battery sectorhas raised over 20 billion yuan. The raised funds are mainly used for project construction andresearch and development center construction;Non listed companies are also frequently favoredby capital,such as Haichen Energy Storage,which received over 4.5 billion yuan in Series Cfinancing in July 2023.
Chinese lithium battery companies have the basic competitiveness of globalization and overseasfactory construction.At the same time, they also face a series of challenges when going abroad,such as talent and supply chain systems, local regulations, and social and cultural differences.
.lithiumega, as one of the LithiumegaBattery Companies,we believe the future of China renewable energy industries, will be better..