China still the best bet for batteries

摘要

Demand for batteries in China is forecast to increase 13.0% annually to RMB259 billion (US$42b)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 motorvehicles 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.