Categories: General Market Commentary
Topics: General Market Commentary

Lithium ion battery exports reach new peak in H1

Lithium ion battery exports reach new peak in H1

Japan and South Korea have both recorded record high levels of lithium-ion battery exports in H1 2016, as auto companies ramp up battery consumption to power new all-electric offerings.

Lithium ion battery shipments from Japan – the world’s leading producer – topped 33,500tonnes the first half of 2016, up 17% on H2 2015 and over 31% y-o-y.

Similarly, South Korea – a leading exporter to global markets – recorded its largest shipments to date, up 26% on 2015.

The increases in trade from two of the world’s leading battery producers signify the beginning of a period of significant growth in the market and offers further proof that we are headed into a new era for the automotive industry.  

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