On October 24th, Cui Dongshu, President of the China Passenger Car Association, disclosed in an article that China’s total production of power and other batteries reached 237GWh in September, marking a year-on-year surge of 57%. From January to September, the cumulative production amounted to 1833GWh, reflecting a 63% increase compared to the same period last year. Since the start of this year, the growth rate of battery production has been gradually decelerating from over 60%, primarily attributed to sluggish demand for power batteries and adjustments to export tax rebate policies. In September 2026, the installed capacity of lithium batteries climbed to 87GWh, representing a 15% year-on-year increase. From January to September, the cumulative installed capacity stood at 576GWh, up 17% year-on-year. The proportion of installed capacity relative to power battery production continued to decline, standing at 44% in 2025 and dropping further to 37% in September 2026. Among these, the installed capacity rate for ternary batteries reached 35%, while for lithium iron phosphate batteries, it was 37%. In September 2026, a total of 1.26 million domestic lithium battery vehicles were equipped with batteries, experiencing a 12% year-on-year decrease. Within the segmented market, there were 810,000 pure electric passenger vehicles, showing a 6% year-on-year decrease; 350,000 plug-in hybrid passenger vehicles, with a 29% year-on-year decrease; and 82,000 pure electric trucks, registering a 22% year-on-year increase, indicating significant divergence in production data.