CATL, BYD make up 68% of China’s Jan.-Nov. installed power battery capacity

Shanghai (Gasgoo)- In November 2021, China's power battery outputs reached 28.2GWh, soaring 121.8% year on year, while also growing 12.4% month on month, according to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).

BYD Blade Battery; photo credit: BYD

For the first eleven months of 2021, there were 188.1GWh of power batteries produced in this country, representing a 175.5% year-on-year hike. Of those, 82.4GWh and 105.3GWh were ternary-lithium batteries and lithium phosphate batteries, up 106.1% and 275.7% from the year-ago period.

The CAPBIIA's data showed that China's installed battery capacity reached 20.8GWh last month, leaping 96.2% from a year ago, while also jumping 35.1% over the previous month.

Regarding Nov. installed capacity, the No.1 power battery manufacturer in China was still CATL, who accounted for 55% of the country's total capacity, up by 5.1 percentage points from the previous month. The runner-up BYD recorded 3.46GWh of installed capacity last month. Compared to October, CALB and SVOLT moved up to the third and fifth places, while LG Energy Solution re-entered the top 10 rankings.

The country's Jan.-Nov. installed battery capacity zoomed up 153.1% from the year earlier to 128.3GWh, 49.3% and 50.5% of which were from ternary-lithium batteries and lithium phosphate batteries respectively.

Regarding the year-to-date installed capacity, CATL and BYD together accounted for 68% of the country's total volume. Compared to the rankings based on Jan.-Oct. performance, SVOLT surpassed EVE Energy to the sixth place.