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Battery suppliers in China will continue to ramp up production amid positive forecasts for the industry, strengthening the country's position as the world's largest supplier of the product.
The line is projected to experience at least 20 percent annual output growth in the next few years, driven mainly by the consumer electronics, automotive, computer, toy and mobile phone sectors.
In coming months, R&D will focus on lithium variants amid rising emphasis on “green” initiatives. Makers are likewise improving waste management practices to minimize environmental hazards.
Development efforts also revolve around enhanced safety features, wider operating temperature and lower self-discharge rate to improve battery performance. Toward this end, new cathode and anode materials are being eyed as well.
Companies continue to improve operating efficiency to close the gap with foreign counterparts in terms of automation. Upbeat projections are encouraging plans to boost annual capital expenditure this year.
This report covers lithium, NiMH, lead-acid and dry-cell batteries.
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