Production reached 101.3GWh, a year-on-year increase of 36.8%; sales volume was 92.8GWh, up 43.2% year-on-year; export volume stood at 16.7GWh, rising 36.5% year-on-year; installed capacity was 47.2GWh, growing 35.3% year-on-year.
Lithium iron phosphate (LFP) batteries dominate the market due to their cost advantages and high safety.
China's power battery market has entered an inventory buildup phase, with all indicators showing strong growth, reflecting the rapid development of the new energy vehicle market and increasing energy storage demand.
Facing global competition, the industry needs to focus on technological R&D, cost control, and market expansion.
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