Chinese battery manufacturers busy to "recharge" and expand overseas markets

Global Sources latest release of "China Sourcing Reports - Battery" that under the optimistic industry Yuce active encouragement of Chinese Dianchi supply Shangzheng launch business expansion and product upgrade plan and focus on developing more "green" products to meet the expected demand.

The report showed: 90% of respondents are increasing the capital expenditure suppliers; 73% of suppliers are investing to improve efficiency; new anode and cathode materials to improve product performance; most of the suppliers are expected in the next few Exports will grow by 20%.

Battery industry in China is expected the annual growth rate in the next few years will reach or exceed 20%. Although the EU and North America is still the major exporter, but many manufacturers have been actively deployed, plans to increase market share in Central and South America and Africa.