DMEGC ranked second globally last year in total export volume for the 18650 battery, a cylindrical lithium-ion battery widely used in consumer electronics and electric bikes, a recent research paper showed. DMEGC’s exported 530 million units of the 18650 battery in 2024, marking a 56% year-on-year increase. In this period, DMEGC captured a 28% market share of the electric two-wheeler sector and 19% of the power tools sector.

The report, published jointly by Chinese research firm EV Tank, China Yiwei Institute of Economics, and China Battery industry Research Institute, showed that the 18650 battery makes up nearly half of all cylindrical battery shipments worldwide. The report ranked DMEGC just behind Chinese company EVE Energy, which placed first for 18650 exports.

Meanwhile, DMEGC has considerably stepped up its efforts in reducing energy consumption in its production of lithium-ion batteries. In 2024 and 2023, DMEGC decreased its consumption of coal equivalents during battery production by 13.6% and 8.7% year-on-year, respectively. Energy-saving strategies include optimizing temperature profiles in kiln chambers and integrating excess heat recycling systems, allowing DMEGC to reduce overall energy consumption.

DMEGC digitally monitors all the above operations to ensure the highest standards of implementation and has been awarded the internationally recognized ISO 50001 Energy Management System certification. Through the upgrade of production equipment and processes, DMEGC expects to save at least 25 million kilowatt-hours of electricity annually.  

Since 2016, DMEGC has undergone a strategic expansion beyond its foundation in magnetic materials and into the battery industry. At a time when many industry giants fought fiercely for the power battery sector, DMEGC carved out a niche in the relatively untapped small power market.

DMEGC’s robust R&D capabilities allow it to produce at lower cost than industry standards, with its cylindrical batteries costing 0.45 RMB per Wh compared to competitors’ 0.5 RMB per Wh. DMEGC shares nanoscale material processing technology between its magnetic materials and lithium battery production lines, allowing for further efficiency boosts.

Meanwhile, DMEGC’s vertical integration grants it greater risk tolerance and R&D opportunities, enabling its expense ratio to far exceed the industry average. In times of volatility in silicon material prices, DMEGC sustains its R&D through stable cash flow from its magnetics business, as competitors slash prices and suffer profit margin losses.

DMEGC transparently and further discusses related information about battery production in its 2024 sustainability report, communicating DMEGC’s strategies, activities and current statuses on important sustainability issues.

For more information, please click here: https://dongyangdongci.oss-cn-hangzhou.aliyuncs.com/uploads/20250417/2024_DMEGC_ESG_Report.pdf

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