In 2017, the global lithium-ion battery market reached 177GWh, with a year-on-year growth of 31.9%. Since 2011, the compound annual growth rate of lithium market has reached 34.7%. The development of lithium is one of the rare bright spots in the global economy.
The global lithium-ion battery industry is mainly concentrated in China, Japan and South Korea, which account for about 97% of the global market share. Since 2015, driven by China's vigorous development of new energy vehicles, the scale of China's lithium-ion battery industry began to grow rapidly. In 2015, China surpassed South Korea and Japan and ranked first in the world.
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