Lithium batteries charged by strong global demand for electric vehicles

China's lithium batteries are gaining increasing favor among overseas buyers with advancing technologies and improving services, as well as surging demand for electric vehicles worldwide, experts said.

In the first three months, China's lithium battery exports reached 109.79 billion yuan ($17.2 billion), a yearly growth of 94.3 percent, according to data from the General Administration of Customs.

The export surge took place throughout last year. China's total lithium battery exports in 2022 amounted to 342.65 billion yuan, an increase of 86.7 percent year-on-year, according to the Ministry of Industry and Information Technology.