Why global enterprises should choose Chinese lithium battery manufacturers

In global enterprises' bulk procurement and customized lithium battery decision-making, Chinese companies have undoubtedly become the preferred partners. There are seven main reasons for choosing Chinese lithium battery manufacturers. 

First, the global market leader

“According to data statistics from the research organization EVTank, the global lithium battery shipments in 2023 were 1202.6GWh, a year-on-year growth of 25.6%. According to EVTank data, China's lithium-ion battery shipments reached 887.4GWh in 2023, a year-on-year increase of 34.3%. The share of overall global lithium-ion battery shipments reached 73.79%, which highlights China's leadership in the global lithium battery market.

 Second, reliable and complete supply chain

As the center of global manufacturing, China's manufacturing industry is highly developed and sophisticated. This is also true in lithium battery manufacturing, where key components such as positive/negative electrode materials, electrolyte and diaphragm occupying 80%-90% of the global market. China has a complete supply chain in the whole process of lithium battery production. Reliable and complete supply chain makes China's lithium battery manufacturers to ensure the continuity and stability of production, as well as effectively reduce costs, and improve the overall production efficiency. 

Third, low-cost labor

China has huge labor resources and relatively low cost, providing a strong cost competitiveness for the lithium battery manufacturing industry. 

Fourth, the strong drive of the domestic market

China's manufacturing industry is very developed, especially in the consumer electronics industry, giving rise to a huge demand for lithium batteries, lithium battery manufacturers in China to provide a stable source of orders, promoting the rapid iteration of technology and product innovation. 

Fifth, leading technology

Chinese lithium battery manufacturers are very competitive in lithium batteries, so they must invest a lot of resources in technology research and development, and strive to innovate, breakthroughs, and lead. Therefore, significant progress has been made in lithium battery energy density, cycle life, safety, charging and discharging speed, and continue to maintain technological leadership. 

Sixth, price advantage

Due to the integrity of the industrial chain, cheap labor and large-scale production, making China's lithium battery manufacturers lower cost, can provide a very advantageous price. For global enterprises that need to purchase lithium batteries, it can reduce the procurement cost and improve the overall profit of the product. 

Seventh, policy support

The Chinese government has introduced a series of supportive policies in the field of renewable energy, which provides a favorable development environment for the lithium battery industry and promotes the accelerated upgrading of industrial scale and technology. 

In summary, with its leading position in the global market, a complete supply chain system, cost advantages, technological innovation, domestic demand driven and policy support and other multiple advantages, China's lithium battery manufacturers have become the preferred partner of global enterprises in bulk purchasing and customized lithium batteries.