Freedonia In The News
Article Title: China still the best bet for batteries
By: Ruth Williams
Publication: Batteries and Energy Storage Technology, 7/30/2013
Freedonia Study: Batteries in China (3030)
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Demand for batteries in China is forecast to increase 13% annually to RMB259 billion (US$42bn) in 2016, according to a new study from the Beijing office of The Freedonia Group, Inc.
Growth will be driven by a continuing shift in the product mix toward higher-value secondary batteries, rising ownership of high-drain electronic products by Chinese consumers, and expanding production of motor vehicles and electronics. The export of battery containing products - in particular cellular phones, laptop computers, and other portable devices - will further spur battery demand in China. China maintains a trade surplus in batteries, with exports accounting for nearly 24% of battery shipments in 2011.
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