Chinese cell output up 45% in 2024
Chinese cell output (EV+ESS) was up 45% y/y in 2024 at 1.6TWh of production. The end of the year, buoyed by ESS output, was particularly strong with output in Q4/24 up 102% y/y, a real contrast with the slow start to the year. Anecdotal reports suggest that cell output continues to grow rapidly in Jan-Feb, although the Lunar New Year holidays are likely to muddy the waters somewhat. Whether the recent changes to China’s renewables laws on ESS impact the rate of growth remains to be seen. But, for now, 2025 could easily see China produce above 2TWh of cells,...
Topics
Batteries
Cells
China
ESS
EVs
