Profits of major battery companies hiked 49.4 percent year on year to 24.52 billion yuan (about 3.5 billion U.S. dollars) during the nine-month period, according to data from the Ministry of Industry and Information Technology.
Business revenues climbed 13.2 percent from a year earlier to 567.94 billion yuan.
Among the industry's staple products, lithium-ion battery logged an output of 10.83 billion units during the period, up 7.7 percent year on year, while output of primary battery and battery packs reached 29.53 billion units, a 2.6-percent increase.
Major battery companies refer to those with annual business turnover of at least 20 million yuan.
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