It’s no secret that China is the world’s undisputed king of battery production. The country’s largest battery manufacturer, Contemporary Amperex Technology Co. (CATL) alone holds around 35 percent of the global li-ion battery market in the first quarter of 2022.
This has led to a high demand for lithium batteries in the country, with Chinese consumers buying them at a rate of 10 times faster than their American counterparts.
However, as demand increases and supply falls behind, many manufacturers are struggling to keep up with demand. In fact, some companies have even begun using recycled materials to produce their batteries!
YouthPower is a battery manufacturer in Shenzhen, China. We specialize in making batteries for the home storage system industry. We are committed to providing our customers with high-quality products and excellent customer service.