Sou Hu Cai Jing·2025-11-06 06:12Core Insights - China is the largest producer of lithium-ion batteries globally, with a market share of 76% in 2024 and an expected increase to over 80% in the first seven months of 2025 [1][6][9] - The lithium-ion battery industry in China has seen rapid growth since 2015, with production reaching 1170 GWh in 2024, a 28.6% increase from 2023 [1][6][9] - The competitive landscape is dominated by a few key players, with the top 10 companies accounting for 95.6% of the installed capacity in 2024 [2][11] Production and Market Structure - In 2024, the production of power batteries was 823 GWh, making up 70.3% of the total lithium-ion battery production [2][9] - Energy storage batteries are experiencing significant growth, with a production of 254 GWh in 2024, a 64% increase year-on-year [2][9] - Exports of lithium-ion batteries were valued at $61.12 billion in 2024, accounting for 91.3% of total exports [2][24] Competitive Landscape - The top two companies, CATL and BYD, dominate the power battery market, with a combined market share of 69.8% in 2024 [2][11] - In the global context, six out of the top ten power battery companies are Chinese, holding a market share of 67.1% [2][16] - The industry is facing intense competition, leading to a decline in revenue for 150 listed lithium battery companies, with a 12.97% drop in total revenue in 2024 [2][11] Development Trends and Challenges - Technological innovation is a key focus, with trends moving towards low-cobalt and high-nickel batteries, and solid-state batteries becoming a research priority [3][11] - The industry is adapting to trade protection policies from Europe and the U.S., with companies increasing overseas production, particularly in Southeast Asia [3][11] - The industry is also working on improving safety standards and enhancing self-regulation to promote high-quality development [3][11]