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Li-ion battery market holds steady

Posted: 07 Mar 2007     Print Version  Bookmark and Share

Keywords:L-ion battery  battery packs  battery recall 

Despite the several battery recalls in the previous year, the market for lithium battery packs is expected to remain steady in 2007.

The Industrial Economics and Knowledge Centre of Taiwan estimates that Japan and Korea will dominate the world lithium battery and battery packs market with 60 per cent and 17.5 per cent of the market, respectively. Mainland China and Taiwan will take on the remaining 16.9 per cent and 5.6 per cent.

On the other hand, statistics from the China Industrial Association of Power Sources show that mainland China turned out 85 crore units of Li-ion and Li-polymer batteries in 2005, of which about 74.8 crore units or 88 per cent were for export. Output estimates for 2006 were pegged at 95 crore units, with 90 crore, or almost 95 per cent, destined for shipment. In 2007, output is expected to reach 1 billion units, while export volumes are expected to reach 95 crore.

Hong Kong lithium battery manufacturers also predict increased production in the next several years, as they are convinced that lithium is the right direction for the industry.

In Taiwan, the battery recalls have brought on more business for lithium battery manufacturers such as Simplo Technology, which received large orders from Dell, the first laptop seller to initiate recalls in 2006.

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