According to the China Automotive Battery Innovation Alliance, domestic power battery installations reached 79.0 GWh in August. This figure represents a 26.3% increase compared to the same period last year and a 5.9% rise from the previous month.
Lithium iron phosphate (LFP) batteries dominated the market with 67.6 GWh installed, accounting for 85.6% of the total. Meanwhile, ternary batteries accounted for 11.0 GWh, or 14.0% of the total volume. Year-to-date, total installations reached 489.1 GWh, marking a 17.0% growth.
In terms of production, the combined output of power and energy storage batteries reached 237.0 GWh in August, up 69.8% year-on-year. Cumulative production for the first eight months of the year hit 1523.9 GWh, reflecting a 57.0% increase.
Contemporary Amperex Technology Co. Limited (CATL) maintained its leading position in the market, securing a 41.45% share of total installations.
