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Article | Jun 23, 2026 | 3 min read
China's battery exports reach $40bn in first five months of 2026 as new markets emerge
China's lithium ion battery exports reached US$8 billion in May 2026, up 37% year-on-year (YOY), bringing the year to May total to $40 billion. That marks a 45% increase on the same period in 2025. According to China Automotive Battery Innovation Alliance (CABIA) data, exports reached 29GWh in May, taking the Jan–May total to 145GWh. The year to May figures reflect a front-loaded quarter. March exports hit a record $9.7 billion, likely driven in part by exporters pulling forward shipments ahead of the 1 April cut to the battery export rebate. Levels normalised in April and May, but remain well ahead of the same months in 2025.
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