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This briefing, part of the Benchmark Source subscription, provides a monthly deep-dive on key developments in China.",{"type":553,"attrs":567,"content":568},{"textAlign":49},[569,571,579],{"text":570,"type":558},"The insights are drawn from Benchmark’s suite of upstream, midstream, and downstream reports and assessments, providing a holistic view of China’s lithium-ion battery and electric vehicle (EV) supply chains. To learn more, click ",{"text":572,"type":558,"marks":573},"here",[574],{"type":575,"attrs":576},"link",{"href":577,"uuid":49,"anchor":49,"target":49,"linktype":578},"https://www.benchmarkminerals.com/forecasts","url",{"text":580,"type":558},".",{"type":553,"attrs":582,"content":583},{"textAlign":49},[584,586,595],{"text":585,"type":558},"You can also read our recent ",{"text":587,"type":558,"marks":588},"Regional Spotlight",[589],{"type":575,"attrs":590},{"href":591,"uuid":592,"anchor":49,"target":593,"linktype":594},"/article/regional-spotlight-china","746036af-b9fc-4d0d-b721-56d0d1094635","_blank","story",{"text":596,"type":558},", featuring visualisations of China's mine-to-grid supply chain and an overview of the country's recent policy changes.",{"type":598,"attrs":599,"content":601},"heading",{"level":600,"textAlign":49},2,[602],{"text":603,"type":558},"Battery & EV Roundup",{"type":553,"attrs":605,"content":606},{"textAlign":49},[607,614,623],{"text":608,"type":558,"marks":609},"Sales of battery electric vehicles (BEVs) in China ",[610],{"type":611,"attrs":612},"textStyle",{"color":613},"black",{"text":615,"type":558,"marks":616},"ticked up in May",[617,621],{"type":575,"attrs":618},{"href":619,"uuid":620,"anchor":49,"target":593,"linktype":594},"/article/global-ev-sales-reach-1-8-million-units-in-may-2026","3d3b0521-aaed-4ef9-9a8c-97ccfd4102c8",{"type":611,"attrs":622},{"color":613},{"text":624,"type":558,"marks":625},", tracking similarly to the same month in 2025 to reach 671,487 units. Plug-in hybrid EV (PHEV) sales, however, were below their May 2025 level, a trend that has been consistent since the start of the year.",[626],{"type":611,"attrs":627},{"color":613},{"type":553,"attrs":629,"content":630},{"textAlign":49},[631],{"text":632,"type":558,"marks":633},"January-to-May year-on-year EV sales in China are down 15% overall after the implementation of a range of tax and subsidy changes earlier this year, with 3.9 million units sold through to the end of May.",[634],{"type":611,"attrs":635},{"color":613},{"type":553,"attrs":637,"content":638},{"textAlign":49},[639],{"text":640,"type":558,"marks":641},"April's strong EV export numbers were sustained, however, as OEMs including BYD, Geely and Chery continue to help Chinese exports to record levels. Chinese EV sales in Europe continue to grow, with OEMs set to produce in Europe to utilise the continent's overcapacity. Leapmotor recently confirmed plans to use a Stellantis plant in Spain to produce its B10 EV.",[642],{"type":611,"attrs":643},{"color":613},{"type":553,"attrs":645,"content":646},{"textAlign":49},[647,652,661],{"text":648,"type":558,"marks":649},"China's government has also published its ",[650],{"type":611,"attrs":651},{"color":613},{"text":653,"type":558,"marks":654},"15th Five-Year Plan for New Energy System Development",[655,659],{"type":575,"attrs":656},{"href":657,"uuid":658,"anchor":49,"target":593,"linktype":594},"/article/china-s-15th-five-year-plan-for-new-energy-system-development-key-takeaways","801f21b7-8c35-4070-9386-f9627c432c32",{"type":611,"attrs":660},{"color":613},{"text":662,"type":558,"marks":663},". It sets out a range of new targets for renewables as a proportion of electricity production, with non-fossil fuel energy installed capacity expected to pass 3,500GW. It also targets 300GW in cumulative new-type energy storage installed by 2030.",[664],{"type":611,"attrs":665},{"color":613},{"type":667,"attrs":668},"blok",{"id":669,"body":670},"858cf747-2f46-4c0c-96f1-a65479ccf034",[671],{"id":672,"_uid":673,"type":674,"component":675,"fixed_height":676,"use_fixed_height":50,"fixed_height_mobile":676,"fixed_height_tablet":676},"29572880","i-cd5547f5-c322-492c-abca-b515cafc2244","visualisation","ContentFlourish","",{"type":553,"attrs":678,"content":679},{"textAlign":49},[680],{"text":681,"type":558},"Battery demand in China was mostly steady from April, with a small shift downwards in battery energy stationary storage (BESS)-related demand largely compensated for by an uptick in passenger vehicle- and portables-related demand. Battery exports were also strong in May, reaching US$8 billion, a 37% year-on-year increase for the month. The year-to-May battery export figure is up 45% compared with 2025.",{"type":667,"attrs":683},{"id":669,"body":684},[685],{"id":686,"_uid":687,"type":674,"component":675,"fixed_height":676,"use_fixed_height":50,"fixed_height_mobile":676,"fixed_height_tablet":676},"29572885","i-54311456-d308-4b6d-a7f6-3e435118c223",{"type":553,"attrs":689,"content":690},{"textAlign":49},[691,701],{"text":692,"type":558,"marks":693},"Lithium ion battery production in China",[694,698],{"type":575,"attrs":695},{"href":696,"uuid":697,"anchor":49,"target":593,"linktype":594},"/article/china-s-battery-exports-reach-40bn-in-first-five-months-of-2026-as-new-markets-emerge","4b45f94b-6c0c-435a-95d2-21f947ed2682",{"type":611,"attrs":699},{"color":700},"#000000",{"text":702,"type":558,"marks":703}," increased for both LFP and NCM/NCA chemistries, with LFP up 2.3% and NCM/NCA up 12.7%. 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However, the overall impact on supply is somewhat subdued by ",[748],{"type":611,"attrs":749},{"color":700},{"text":751,"type":558,"marks":752},"deferrals elsewhere",[753,757],{"type":575,"attrs":754},{"href":755,"uuid":756,"anchor":49,"target":593,"linktype":594},"/article/what-does-the-jinzifeng-huashan-merger-mean-for-jiangxi-s-lithium-supply-","cf768bdc-8a11-4a1e-9d47-20c80f2aff45",{"type":611,"attrs":758},{"color":700},{"text":760,"type":558,"marks":761}," in Jiangxi province.",[762],{"type":611,"attrs":763},{"color":700},"Welcome to the Benchmark China Briefing. This briefing, part of the Benchmark Source subscription, provides a monthly deep-dive on key developments in China. The insights are drawn from Benchmark’s suite of upstream, midstream, and downstream reports and assessments, providing a holistic view of China's lithium-ion battery and electric vehicle (EV) supply chains.","briefing",[767,770,773,776,779,781,783,785,788,790,793,795,798],{"slug":768,"name":769},"batteries","Batteries",{"slug":771,"name":772},"ev","EV",{"slug":774,"name":775},"ess","ESS",{"slug":777,"name":778},"critical-minerals","Critical Minerals",{"slug":780,"name":115},"cobalt",{"slug":782,"name":298},"cathode",{"slug":784,"name":8},"lithium",{"slug":786,"name":787},"graphite","Graphite",{"slug":789,"name":189},"natural-graphite",{"slug":791,"name":792},"manganese","Manganese",{"slug":794,"name":150},"nickel",{"slug":796,"name":797},"new-energy","New Energy",{"slug":799,"name":800},"synthetic-graphite","Synthetic Graphite","private","Jul 03, 2026","3rd July 2026",[],[],1783682727882]