4 FAQs about Expected shipments of energy storage lithium batteries

How big is China's energy storage lithium battery shipments in 2024?

According to a survey conducted by the China Energy Storage Research Institute (GGII), in the first half of 2024, China's energy storage lithium battery shipments reached 116GWh, an increase of 41% compared to the first half of 2023 when it was 87GWh.

What will the lithium battery market look like in 2024?

GGII predicts that the total shipment volume of lithium batteries for energy storage in 2024 will exceed 240GWh, with power energy storage becoming the main driver of growth in 2024; demand in the residential/communications/portable energy storage market will slow down, with total shipments falling below expectations.

How big is the global small battery shipments?

Global small battery (SMALL LIB) shipments reached 124.1GWh, representing a year-on-year increase of 9.6%. Source: WeChat Official Account—EVTank

How did China's trade-in policy affect lithium-ion batteries in 2024?

According to the data presented in the paper, the global shipment volume of lithium-ion batteries in 2024 reached 1,545.1 GWh, marking a year-on-year increase of 28.5%. From the perspective of shipment structure, the effect of China's trade-in policy in 2024 far exceeded expectations.

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