On February 11th, data from the China Automotive Power Battery Industry Innovation Alliance revealed that in January, China's cumulative production of power and energy storage batteries reached 168.0 GWh. This represented a 16.7% decline from the previous month but a significant 55.9% increase year-on-year (YoY). Regarding sales, the total sales volume of power and energy storage batteries in January stood at 148.8 GWh, experiencing a 25.4% month-on-month (MoM) decrease while achieving an impressive 85.1% YoY growth.

Breaking it down further, power battery sales reached 102.7 GWh, accounting for 69.0% of the total sales. This segment saw a 28.6% MoM decline but a robust 63.2% YoY increase. Meanwhile, energy storage battery sales amounted to 46.1 GWh, representing 31.0% of the total sales, with a 17.0% MoM decrease and a remarkable 164.0% YoY surge.

In terms of installed capacity, the installed capacity of domestic power batteries in January was recorded at 42.0 GWh, experiencing a 57.2% MoM decrease but an 8.4% YoY increase. Specifically, the installed capacity of ternary batteries was 9.4 GWh, making up 22.3% of the total installed capacity, with a 48.6% MoM decrease and a 9.6% YoY increase. On the other hand, the installed capacity of lithium iron phosphate batteries reached 32.7 GWh, accounting for 77.7% of the total installed capacity, with a 59.1% MoM decrease and an 8.1% YoY increase.