In 2017, the global lithium-ion battery market reached 177GWh, a year-on-year increase of 31.9%. Since 2011, the lithium-ion market has grown at an average annual compound growth rate of 34.7%. The development of lithium power is one of the rare highlights in the context of the overall global economy.
The global lithium-ion battery industry is mainly concentrated in China, Japan and South Korea, and the three countries account for about 97% of the global market share. Starting from 2015, driven by China's vigorous development of new energy vehicles, China's lithium-ion battery industry has begun to grow rapidly. In 2015, it has surpassed South Korea and Japan to rank first in the world.