Government News
Foreign-invested enterprises propel Shanghai's lithium battery exports 2024-05-06
This aerial drone photo taken on Jan. 19, 2024 shows the railway container center in Luchao Port in Shanghai, east China.
Foreign-invested enterprises have played a pivotal role in propelling the surge of lithium-ion battery exports from Shanghai in the first quarter of this year, according to data from Shanghai Customs.
From January to March, foreign-invested enterprises in Shanghai exported a total of 10.68 billion yuan (about 1.5 billion U.S. dollars) worth of lithium-ion batteries, up 30.8 percent year on year.
This substantial export volume accounted for 90.3 percent of the city's total lithium battery exports.
Shanghai exported 22.58 million lithium-ion batteries in the first quarter, marking a notable increase of 116.5 percent compared to the same period last year.
Source: Xinhua
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