BEIJING, January 30 (AsianFin)—China’s total export value of domestic lithium-ion batteries reached about $65 billion in 2023, marking a year-on-year increase of 27.8%, data from the China Chemical and Physical Power Industry Association showed. The total cumulative export of power batteries from the world’s second largest economy reached 127.4 GWh in 2023, accounting for 83.5% of the global total lithium-ion battery exports. In particular, CATL, BYD, and Farasis Energy were the top three companies in terms of export volume, according to the China Automotive Power Battery Industry Innovation Alliance.