China’s Jan.-Jul. power battery installed capacity zooms up 110.6% YoY
Shanghai (Gasgoo)- In July 2022, China's power battery output reached 47.2GWh, soaring 172.2% year on year, while also jumping 14.4% month on month, according to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).
Of the power batteries produced last month, 16.6GWh and 30.6GWh were ternary-lithium batteries and lithium iron phosphate ("LFP") batteries, up 107.7% and 228% from the year-ago period respectively.
BYD's Blade battery; photo credit: BYD
For the first seven months of 2022, there were a total of 253.7 GWh power batteries produced in China, representing a 175.6% year-on-year spike. The year-to-date output of ternary-lithium batteries and LFP batteries reached 99.5GWh (+121.9% YoY) and 153.8GWh (+227.1% YoY) respectively.
Data by the CAPBIIA show that the country's power battery installed capacity amounted to 24.2GWh in July, zooming up 114.2% from the previous year, while shrinking 10.5% from the previous month.
The cumulative installed capacity in the Jan.-Jul. period shot up 110.6% year over year to 134.3GWh. Notably, the year-to-date capacity of LFP batteries rocketed 180.9% over the year-ago period to 78.7GWh.
Moreover, there were 2.0GWh made-in-China power batteries exported to overseas markets in July, 73.6% of which were LFP ones.
Regarding the July power battery installed capacity, CATL and FinDreams Battery (the EV battery unit of BYD) were still the top 2 among China's EV battery players, accounting for 72.42% of the country's total capacity. CATL recorded a share of 47.19%, 2.41 percentage points lower than that of June. Compared to the previous month, LG Energy Solution failed to enter the top 10 battery makers list, while Ruipu Energy moved up two spots to the 8th place.
With regard to the Jan.-Jul. power battery installed capacity, the top 10 battery makers made up 94.79% of the country's total volume. Of them, CATL, FinDreams Battery, CALB, Gotion High-Tech still topped others by holding up to a combined market share of 82.11%.
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