Data released by the China Automotive Power Battery Industry Innovation Alliance reveals that in September, the installed capacity of power batteries in China reached 87.2 GWh, marking a month-on-month increase of 10.4% and a year-on-year rise of 14.7%. Specifically, the installed capacity of ternary batteries was 12.3 GWh, constituting 14.1% of the total installed capacity. This showed an 11.7% month-on-month growth but a 10.9% year-on-year decline. In contrast, the installed capacity of lithium iron phosphate batteries soared to 74.5 GWh, making up 85.5% of the total, with a 10.3% month-on-month increase and a 19.9% year-on-year surge.
Analyzing the cumulative data from January to September, the installed capacity of power batteries in China amounted to 576.3 GWh, reflecting a 16.7% year-on-year increase. Among these, the installed capacity of ternary batteries was 97.9 GWh, accounting for 17.0% of the total, with a 7.3% year-on-year growth. Meanwhile, the installed capacity of lithium iron phosphate batteries reached 477.2 GWh, representing 82.8% of the total, and experienced an 18.5% year-on-year increase.