China's power battery production up 948% in February

March 11, 2021 CV TECH INC

China’s power battery production in February was 9.5GWh, up 948.1% year-on-year and down 21.6% from January, data released Thursday showed.


Ternary battery production in February was 5.1 GWh, accounting for 54.2 percent of the total, up 1,006.5 percent year-on-year and down 25.2 percent from January, data released by the China Association of Automobile Manufacturers (CAAM) on Thursday showed.


China's power battery production up 948% in February-CnEVPost


China's power battery production up 948% in February-CnEVPost


Lithium iron phosphate battery production in February was 4.3GWh, accounting for 44.3% of the total, up 884.4% year-on-year and down 16.8% from January.


China’s power battery production from January to February was 21.5GWh, up 467.3% year-on-year. Among them, ternary battery production was 12.0GWh, up 385.1% year-on-year; lithium iron phosphate production was 9.5GWh, up 624.2% year-on-year.


The power battery installed volume in February was 5.6GWh, up 832.9% year-on-year and down 35.6% from January.


The installed volume of ternary batteries in February was 3.3GWh, up 538.6% year-on-year and down 38.4% from January. Lithium iron phosphate battery installed volume was 2.2GWh, up 2826.0% year-on-year and down 31.2% from January.


China’s January-February power battery installation volume was 14.2GWh, up 388.6% year-on-year. Among them, ternary batteries’ installed volume was 8.7GWh, up 315.5% year-on-year; lithium iron phosphate batteries installed volume was 5.5GWh, up 586.8% year-on-year.


China's power battery production up 948% in February-CnEVPost


China's power battery production up 948% in February-CnEVPost


China had 41 companies with power batteries installed from January to February, down 4 companies year-on-year. The top 3 and top 10 power battery companies installed 10.5GWh and 13.2GWh respectively, accounting for 74.0% and 92.5% of the total installed capacity.


China had 39 companies with installed power cells in February, up 2 from January. The top 3 and top 10 power cell companies installed 4.4GWh and 5.3GWh respectively, accounting for 78.3% and 95.4% of the total installed base.


China's power battery production up 948% in February-CnEVPost


China's power battery production up 948% in February-CnEVPost