PR Newswire | 04 Aug, 2010
HONG KONG: Encouraged by positive industry forecasts, China battery manufacturers and suppliers are pushing expansion plans and product upgrades to meet anticipated demand, with many going "green." This is according to Global Sources' (Nasdaq: GSOL) China Sourcing Report: Batteries (http://www.chinasourcingreports.com/batteries).
The Report, which covers lithium, NiMH, lead-acid and dry-cell batteries, reveals that suppliers aim to attract more orders by increasing expenditure in competitive areas. These include improving operating efficiency and developing models with greater storage capacity, improved safety features, and less impact on the environment.
Publisher of the Report, Brandon Smith, said: "As the markets of China battery suppliers recover, including the consumer electronics, mobile phone, computer, toy, power tool and automotive sectors, we are seeing a sharper focus on eco-friendliness. Besides releasing more lithium models as applications for these products grow, manufacturers are implementing better waste-management practices at their factories."
Smith added: "With movements for the protection of the environment mobilizing worldwide, the lithium battery segment is a key growth driver in the industry. China suppliers produced 1.9 billion such units last year and output is expected to certainly rise, especially with the China government throwing its weight behind a plan to promote lithium battery development nationally in 2010."
Prices stable even with increasing expenditure
China Sourcing Report: Batteries examines other trends and developments that are playing out across the battery industry in China, the world's biggest manufacturer of the product. For one, with material costs now stable, product prices are expected to remain at current levels in the year ahead after most companies raised them in the past months.
The Report's supplier survey also shows that:
* 90% of profiled manufacturers are increasing capital expenditure;
* 73% of suppliers are investing in efficiency upgrades;
* new anode and cathode materials are enhancing product performance; and
* most suppliers anticipate exports to grow by more than 20% in the coming months.
The China battery industry as a whole is projected to experience annual growth of 20 percent or greater over the next few years. Even though the European Union and North America are expected to remain the major overseas destinations, the Report reveals that many suppliers intend to cultivate a stronger presence in emerging markets such as South and Central America and Africa to boost sales.
Supplier profiles, price forecasts and the latest batteries for export
The 118-page China Sourcing Report: Batteries provides detailed profiles of 29 suppliers with verified manufacturing and export credentials, plus contact details of 36 more suppliers. It also includes a Product Gallery featuring 124 of the most popular export models, with key specifications and full-color pictures.
The Report's surveys, price trends and supply forecasts aim to help buyers make better-informed purchasing decisions.
Specialized Global Sources websites, face-to-face events, trade magazines and research reports
China Sourcing Reports are part of Global Sources' sourcing and product information services. These include Global Sources Online (http://www.globalsources.com), China Sourcing Fairs (http://www.chinasourcingfair.com), Private Sourcing Events (http://www.PrivateSourcingEvents.com) and Global Sources monthly magazines (http://www.globalsources.com/SITE/MAGAZINES.HTM).
For more information about Global Sources' products and services that connect quality buyers with verified suppliers, visit http://www.corporate.globalsources.com.
China Sourcing Report: Batteries is available for purchase at http://www.chinasourcingreports.com/batteries .
Free information about China battery suppliers can be found at http://www.chinasuppliers.globalsources.com/china-suppliers/Dry-Cell-Batteries.htm .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 888,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 240 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.5 million products and more than 256,000 suppliers annually through 14 online marketplaces, 13 monthly print and 15 digital magazines, over 80 sourcing research reports and 21 specialized trade shows which run 56 times a year across 9 cities.
Suppliers receive more than 136 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com) alone.
Global Sources has been facilitating global trade for nearly 40 years. Global Sources' network covers more than 60 cities worldwide. In mainland China, Global Sources has about 2,500 team members in more than 40 locations, and a community of over 1 million registered online users and magazine readers for its Chinese-language media.
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