Which country exports the most battery cells in the world?

China accounted for 74% of the world’s battery pack and component exports in 2023. That same year, China controlled nearly 85% of the world’s battery cell production capacity by monetary value. Note: Excludes trade within regions.

Do China import Li-ion storage batteries?

China exported $10.8 billion of Li-ion storage batteries to the United States in 2023, accounting for 72 percent of all US imports of the product. Chinese imports are particularly important in the storage market. These li-ion storage batteries are useful for decarbonizing the US power sector and complementing solar generation.

Are China's battery exports a threat to US security?

A look at China’s battery exports, and its associated battery complex, reveals both opportunities and risks for US and allied comprehensive security interests. Sign up for PowerPlay, the Atlantic Council’s bimonthly newsletter keeping you up to date on all facets of the energy transition.

Does China Import lithium ion batteries to USMCA?

Chinese exports to USMCA are largely routed through the United States. According to the US Census Bureau, in 2023, the United States directly imported $13.1 billion in lithium-ion batteries from China, accounting for 70 percent all US li-ion battery imports in 2023, as measured in value.

Are battery manufacturers accelerating commercialization?

Battery manufacturers are actively developing technologies that can circumvent tariff structures or qualify for local content requirements, potentially accelerating commercialization timelines for technologies that might otherwise develop more slowly.

Should China dominate the battery industry?

Allowing China to dominate this sector hollows out US manufacturing capacity and know-how, while giving China’s battery complex the opportunity to grow in capacity and provide synergies with its submarine and drone-making capabilities, which are increasingly important in modern warfare.