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Explore the Power of Lithium Innovation
Stay updated with the latest trends, technologies, and application insights in the world of lithium battery solutions
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Explore the Power of Lithium Innovation
Stay updated with the latest trends, technologies, and application insights in the world of lithium battery solutions
Since 2023, the export of power batteries has become a hot topic. For leading Chinese manufacturers, stepping into the global market is not just an option—it’s a necessity. Expanding overseas helps relieve domestic overcapacity, capture larger market share, and navigate growing trade barriers.
But going global isn’t easy. Companies face three major hurdles:
Between January and September 2023, global sales of new energy vehicles (NEVs) reached 9.4 million units, a 39% increase year-on-year, representing about 16% of global car sales.
China remained the clear leader, selling 5.92 million units—up 36% year-on-year—with a domestic market share of 29.8%. In fact, China accounted for more than 60% of global NEV sales.
Looking ahead, China will remain a core market, but growth momentum is shifting. The U.S. and Europe are emerging as high-potential regions, growing faster than China in relative terms. Meanwhile, Southeast Asia, the Middle East, and even Pacific markets like the U.S. provide new frontiers for expansion.
Going global means navigating not just logistics but also cultural, regulatory, and operational differences.
For success, Chinese battery firms must:
At the core, effective communication and resilience in the face of uncertainty will define who thrives abroad.
Although only a fraction of Chinese companies are currently capable of large-scale globalization, individual efforts contribute to shaping a strong Chinese brand image worldwide.
Future success requires a long-term mindset, with:
The lithium battery sector was booming in 2021 and 2022, but 2023 brought challenges. Despite overall oversupply, demand for plug-in hybrid and hybrid vehicle batteries remained tight.
Looking ahead:
Industry experts see the current large-scale adjustment not as a crisis, but as a natural cooling-off period after years of rapid growth. This reset is essential to prepare for the next expansion phase.
Starting in 2025, new energy consumption will move from being driven primarily by early adopters to becoming mainstream among ordinary consumers. At that point, global demand for NEVs and batteries will accelerate on a much larger scale.
For Chinese power battery companies—whether competing at home or overseas—success will rest on delivering reliable, high-quality products backed by strong manufacturing capabilities.

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