CATL contributes to 50.7% of China’s Jan.-Oct. installed battery capacity

Shanghai (Gasgoo)- In October 2021, China's power battery outputs reached 25.1GWh, surging 191.6% year on year, while also growing 8.4% month on month, according to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).

Photo credit: CATL

For the first ten months of 2021, there were 159.8GWh of power batteries produced in this country, representing a 250% year-on-year hike. Of those, 72GWh and 87.5GWh were ternary-lithium batteries and lithium phosphate batteries.

The CAPBIIA's data showed that China's installed battery capacity reached 15.4GWh last month, shooting up 162.8% from a year ago, while edging down 1.8% over the previous month.

In terms of Oct. installed capacity, the No.1 power battery manufacturer in China was still CATL, who accounted for 49.9% of the country's total capacity, down by 6.6 percentage points compared to that of September. It was immediately followed by BYD, who recorded 3.15GWh of installed capacity last month. Ruipu Energy Co., Ltd. (REPT) moved to the ninth place, while JEVE failed to enter the top 10 list.

For the Jan.-Oct. period, the country's installed battery capacity zoomed up 168.1% from the year-ago period to 107.5GWh, 50.3% and 49.5% of which were from ternary-lithium batteries and lithium phosphate batteries respectively.

Regarding the year-to-date installed capacity, CATL still held a safe lead among power battery makers in China by taking the lion's share of 50.7%. With an installed capacity of 17.88GWh, BYD accounted for 16.6% of the country's total volume. Compared to the rankings based on Jan.-Sept. performance, Gotion High-Tech surpassed LG Energy Solution to the fourth place, while Sunwoda climbed to the 10th.