Chinese companies are starting to transfer their technology and brands to companies from other countries. The rapid rise of the battery industry in China is bringing a radical change to the global automotive industry.
A hundred years ago, as Henry Ford was revolutionizing modern automotive production, engineers from around the world began to flock to the United States. Today, automotive giant Volkswagen sent 300 engineers to China to get information about battery manufacturing. China-based CATL company helped US Ford Motor establish a battery factory… Chinese companies are starting to transfer their technology and brands to companies from other countries. The rapid rise of the battery industry in China is bringing a radical change to the global automotive industry.
According to information recently provided by the Chinese Ministry of Industry and Information Technology, China's total lithium-ion battery exports in 2023 increased by 87,1 percent compared to the previous year, reaching 127,4 gigawatt hours.
The biggest export market of China, which has been the world's largest battery market for 7 years, is Europe. Europe is followed by the USA and Southeast Asia. Same zamCurrently, 10 out of 6 manufacturers of batteries most used in vehicles around the world are Chinese enterprises.
In the news of Nikkei Asia, it was stated that 40 percent of the materials used in the batteries of the US electric vehicle giant Tesla are provided by Chinese companies. In the news of The New York Times on the subject, “China has a large capacity in terms of battery production. “Without China's help, the United States cannot achieve its green economy goal.” statements were included.
Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), stated in his statement that a complete industrial chain for lithium-ion battery production has been established in the country.
According to data, Chinese companies have a 60 percent share in the global battery market. The production and sales of new energy automobiles of Chinese origin have also exceeded 60 percent of the global market. China has ranked first in the world in the production and sales of new energy cars in the last 9 years. This contributed greatly to the development of lithium-ion batteries.
On the other hand, most of the materials used in the production of lithium-ion batteries are supplied from China. It was reported that in 2023, 80 percent of critical materials such as electrolytes and diaphragms were provided by China.
Standing out with both their quality and affordable prices, lithium-ion batteries of Chinese origin are preferred by electric car companies around the world. According to data released by the China Association of Automobile Manufacturers (CAAM), 74 percent of patents related to lithium-ion batteries were granted to Chinese companies. The association also announced that China ranks first in the world in electric vehicle engine manufacturing.