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China and Japan battery consumption improving

Posted on - 08 Nov 2019

Category - Data update

Analysis of trade and production data shows that apparent consumption growth for lithium-ion batteries in Japan and China has been increasing in recent months, a positive data point in an environment of decreasing (and negative) EV sales growth. Chinese LIB apparent consumption growth hit a multi-year low in the summer but has since recovered, and Japanese consumption troughed in April but has since recovered to a double-digit growth rate. The stronger domestic demand in Japan has resulted in a significant reduction in Japanese battery exports.

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Battery China Japan LIB