Chinese Li-ion industry could reach $2.5 trillion as EV industry grows
By Albert Li
Published: Monday, 16 November 2015
EV production is expected to continue to grow in China, driving up the value of the Chinese Li-ion battery industry and creating demand for lithium producers, key material providers and the downstream battery core installation market. However, despite China's growth in this area, the industry is not without its challenges in terms of production and quality.
Electric vehicle (EV) production in China during October
increased eight-fold year-on-year (y-o-y) to 50,700 units,
according to the China Ministry of Industry and Information
Technology.
Total production between January and October, meanwhile,
increased to 206,900 units, a three-fold increase from the
previous year.
"It is expected that...