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Li-ion battery market holds steady despite hazard issues

Posted: 07 Mar 2007 ?? ?Print Version ?Bookmark and Share

Keywords:L-ion battery? battery packs? battery recall?

Despite the several battery recalls in the previous year, the market for lithium battery packs is expected to remain steady in 2007.

The Industrial Economics and Knowledge Center of Taiwan estimates that Japan and Korea will dominate the world lithium battery and battery packs market with 60 percent and 17.5 percent of the market, respectively. Mainland China and Taiwan will take on the remaining 16.9 percent and 5.6 percent.

On the other hand, statistics from the China Industrial Association of Power Sources show that mainland China turned out 850 million units of Li-ion and Li-polymer batteries in 2005, of which about 748 million units or 88 percent were for export. Output estimates for 2006 were pegged at 950 million units, with 900 million, or almost 95 percent, destined for shipment. In 2007, output is expected to reach 1 billion units, while export volumes are expected to reach 950 million.

Hong Kong lithium battery manufacturers also predict increased production in the next several years, as they are convinced that lithium is the right direction for the industry.

In Taiwan, the battery recalls have brought on more business for lithium battery manufacturers such as Simplo Technology, which received large orders from Dell, the first laptop seller to initiate recalls in 2006.

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