China’s lithium battery shipments will reach 1,175 GWh in 2024 according to the Gaogong Industry Research Institute, up 32.6%, with the power battery, energy storage, and digital segments reaching at least 780 GWh (+23%), 335 GWh (+64%) and 55 GWh (+14%) respectively. The Institute forecasts that 2024’s almost 1.2 TWh will grow to more than 1.4 TWh this year, including 960 GWh of power batteries. Lithium iron phosphate reached 900 GWh, including 560 GWh power batteries (72% of that segment), while cathode material shipments reached 3.35 million tons (up 35%) including 2.46 million tons of LFP material (up 49%). Ternary shipments grew only slightly, to 650,000 tons, and production (according to ICC Sino) to 851,000 tons, up 0.7% – that’s…