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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":687,"relatedVideos":688},168578148049563,"9e844f68-d321-410c-a193-6417dd87aebd","Chinese battery exports reach record high in March as export rebate change comes into force","chinese-battery-exports-reach-record-high-in-march-as-export-rebate-change-comes-into-force","article/chinese-battery-exports-reach-record-high-in-march-as-export-rebate-change-comes-into-force",{"_uid":547,"date":548,"tags":549,"editor":559,"content":569,"excerpt":658,"featured":51,"reporter":659,"component":670,"seo_title":671,"categories":672,"visibility":676,"data_vis_image":677,"featured_image":680,"seo_description":684,"formattedDate":685,"formattedArticleDate":686},"47afca02-341a-4cf4-81c3-e34d00aa96e0","2026-04-22 00:00",[550,553,556],{"slug":551,"name":552},"china","China",{"slug":554,"name":555},"australia","Australia",{"slug":557,"name":558},"usa","USA",[560],{"slug":561,"name":562,"content":563},"benjamin-roche","Benjamin Roche",{"job_title":564,"image":565,"bio":567,"linkedin":568},"Editor – Energy Transition Supply Chains",{"filename":566},"https://a.storyblok.com/f/287943243085208/800x800/66d6674fb8/benjamin-roche.png","Benjamin is Benchmark's Editor for Energy Transition Supply Chains, covering both upstream products like critical minerals and downstream products including energy storage systems and electric vehicles. He has previous experience covering trade flows, tariffs and the effects of geopolitics on supply chains.","https://www.linkedin.com/in/benjaminrochecontent/",{"type":570,"content":571},"doc",[572,591,596,601,612,622,627,632,637,649],{"type":573,"attrs":574,"content":575},"paragraph",{"textAlign":49},[576,579,589],{"text":577,"type":578},"China’s ","text",{"text":580,"type":578,"marks":581},"battery exports",[582],{"type":583,"attrs":584},"link",{"href":585,"uuid":586,"anchor":49,"target":587,"linktype":588},"/article/us-ev-demand-shift-and-bess-growth-who-deployed-the-most-batteries-in-2025-","efc32e74-520d-4632-b92b-53006fecdeef","_blank","story",{"text":590,"type":578}," grew 48% year-on-year in Q1, according to newly released trade data, while they hit a record high in March. It was a notably strong quarter at a time where seasonality typically translates to weaker numbers.",{"type":573,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":578},"According to General Administration of Customs of the People's Republic of China (GACC) data, USD value exports of goods under HS code 8507.60 increased by 55% in Q1 2026, hitting USD$23.95 billion.",{"type":573,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":578},"Battery export data from the China Automotive Battery Innovation Alliance (CABIA), meanwhile, showed a 48% y-o-y increase to 84GWh. This is the second strongest quarter to date following Q4 2025, where 93GWh was installed. March 2026 was particularly strong, setting a new record for a single month of 36GWh.",{"type":602,"attrs":603},"blok",{"id":604,"body":605},"7833ad4a-223e-47c8-a506-b66ce4228f9d",[606],{"id":607,"_uid":608,"type":609,"component":610,"fixed_height":611,"use_fixed_height":50,"fixed_height_mobile":611,"fixed_height_tablet":611},"28644058","i-7a32fe59-233a-41a0-ac45-af30b6bfc7e7","visualisation","ContentFlourish","",{"type":613,"attrs":614,"content":616},"heading",{"level":615,"textAlign":49},1,[617],{"text":618,"type":578,"marks":619},"Regulatory changes having an effect",[620],{"type":621},"bold",{"type":573,"attrs":623,"content":624},{"textAlign":49},[625],{"text":626,"type":578},"From April 1, the export rebate on batteries has been cut from 9 to 6%, and this will be further cut to 0% by the end of the year. The March surge is likely a pull-forward of sales to get ahead of this tax change.",{"type":573,"attrs":628,"content":629},{"textAlign":49},[630],{"text":631,"type":578},"However, several new export markets saw strong growth in the first quarter. Notably, Oman saw a significant jump, with USD value of exports to the country increasing 5,000% in the first quarter. Most of this was in March, when exports hit $293 million. Assuming a modest AC system BESS price of $120/kWh, this would be over 2GWh of batteries.",{"type":573,"attrs":633,"content":634},{"textAlign":49},[635],{"text":636,"type":578},"Exports to Australia also increased by 241% in the first quarter, with March a record month for Chinese exports to the country, hitting $586 million. Australia is in the midst of a BESS boom, with over 8GWh of utility scale storage entering operation in Q1, while a residential market surge continued on from 2025.",{"type":573,"attrs":638,"content":639},{"textAlign":49},[640,647],{"text":641,"type":578,"marks":642},"The US is the key outlier",[643],{"type":583,"attrs":644},{"href":645,"uuid":646,"anchor":49,"target":587,"linktype":588},"/article/us-battery-imports-fall-to-five-year-low-after-section-301-tariffs-raised-to-25-","3a93dd71-07f9-4d99-82c4-f907a3d0771b",{"text":648,"type":578},", with the export values decreasing 35% y-o-y on the back of ongoing trade tensions and significant pre-buying that took place at the end of 2025. More broadly, 23 countries saw exports of over $100 million in March 2026, compared to just 12 countries in March 2025.",{"type":573,"attrs":650,"content":651},{"textAlign":49},[652],{"type":653,"attrs":654},"image",{"id":655,"alt":611,"src":656,"title":611,"source":611,"copyright":611,"meta_data":657},168640901441416,"https://a.storyblok.com/f/287943243085208/1588x1444/3b44db3832/china-march-battery-exports-usd-2x-3.png",{},"China’s battery exports grew 48% year-on-year in Q1, according to newly released trade data, while they hit a record high in March. It was a notably strong quarter at a time where seasonality typically translates to weaker numbers.\n\nAccording to General Administration of Customs of the People's Republic of China (GACC) data, USD value exports of HS8507.60 increased by 55% in Q1 2026, hitting USD$23.95 billion.",[660],{"slug":661,"name":662,"content":663},"iola-hughes","Iola Hughes",{"job_title":664,"image":665,"bio":667,"linkedin":668,"markets_covered":669},"Head of Research",{"filename":666},"https://a.storyblok.com/f/287943243085208/852x854/03382be015/iola-h.png","Iola was Head of Research at Rho Motion prior to the acquisition, and now leads the downstream research for the Benchmark. She has six years of experience in the battery space and works across electric vehicle, battery, and energy storage markets. Previous experience includes a research position with a Servomex working on paramagnetic sensors and spectroscopy gas analysis. Iola graduated with a First-Class Honours Master’s Degree in Geophysics from University College London","https://www.linkedin.com/in/iolahughes/","Battery, BESS, EV and Battery","article","Chinese battery exports reach record high in March",[673],{"slug":674,"name":675},"batteries","Batteries","private",{"id":49,"alt":49,"name":611,"focus":49,"title":49,"source":49,"filename":611,"copyright":49,"fieldtype":678,"meta_data":679},"asset",{},{"id":681,"alt":611,"name":611,"focus":611,"title":611,"source":611,"filename":682,"copyright":611,"fieldtype":678,"meta_data":683,"is_external_url":50},129070825513410,"https://a.storyblok.com/f/287943243085208/1edc84deec/bm-qingdao-port-china-scaled-1.jpg",{},"China’s battery exports grew 48% year-on-year in Q1, according to newly released trade data, while they hit a record high in March. It was a notably strong quarter at a time where seasonality typically translates to weaker numbers.","Apr 22, 2026","22nd April 2026",[],[],1780670039332]