Chuxiong energy storage lithium battery factory is in operation

How many lithium battery factories are there in China?

Currently, Chinese battery companies have over 25 overseas factory projects, with a total planned capacity exceeding 500 GWh. The projects in the lithium battery industry chain are numerous, with sites spanning Europe, Southeast Asia, and other regions.

Are lithium battery companies expanding overseas?

In light of global market uncertainties, lithium battery companies are also beginning to seek diversified overseas expansion paths. CATL adopts a dual approach of "light and heavy assets" to actively expand overseas. CATL has built and is planning or constructing a total of eight factories overseas.

What is the biggest challenge facing the lithium battery industry?

The projects in the lithium battery industry chain are numerous, with sites spanning Europe, Southeast Asia, and other regions. In March this year, CATL Chairman Zeng Yuqun stated that the biggest challenge faced by CATL comes from geopolitical issues.

Are Chinese battery companies going global?

Since last year, leading Chinese battery companies such as CATL, Gotion High-Tech, EVE Energy, Envision AESC, Farasis Energy, and REPT have accelerated their steps to "go global."