Chinese battery exports in April remain strong despite changes to tax rebate

China’s battery exports remained strong in April, despite expectations of a dip following frontloading in March. That uptick came in anticipation of the reduction in the battery export rebate, which fell from 9% to 6% from 1 April. Yet despite an 18% fall from March in April, lithium-ion battery exports grew 30% in dollar terms year-on-year in April, to US$8 billion, and 42% year-on-year in GWh terms to 31.7GWh.