China Automobile Power Battery Industry Innovation Alliance: In November, the total output of power and other batteries in China increased by 49.2% year-on-year.

The China Automotive Power Battery Industry Innovation Alliance released the monthly information for November on power batteries. The data shows that in November, the total production of power and other batteries in China was 176.3GWh, an increase of 3.3% compared to the previous month and an increase of 49.2% compared to the same period last year. From January to November, the accumulated production of power and other batteries in China reached 1468.8GWh, with a cumulative year-on-year growth of 51.1%. In terms of sales: In November, the sales of power and other batteries in China were 179.4GWh, an increase of 8.1% compared to the previous month and an increase of 52.2% compared to the same period last year. Among them, the sales of power batteries were 134.0GWh, accounting for 74.7% of the total sales, with a month-on-month increase of 7.8% and a year-on-year increase of 52.7%; the sales of other batteries were 45.4GWh, accounting for 25.3% of the total sales, with a month-on-month increase of 8.9% and a year-on-year increase of 50.7%. From January to November, the cumulative sales of power and other batteries in China were 1412.5GWh, with a cumulative year-on-year growth of 54.7%. Among them, the cumulative sales of power batteries were 1044.3GWh, accounting for 73.9% of the total sales, with a cumulative year-on-year growth of 50.3%; the cumulative sales of other batteries were 368.2GWh, accounting for 26.1% of the total sales, with a cumulative year-on-year growth of 68.9%. In terms of exports: In November, the total export of power and other batteries from China was 32.2GWh, an increase of 14.1% compared to the previous month and an increase of 46.5% compared to the same period last year. The total export accounted for 17.9% of the sales in that month. Among them, the export volume of power batteries was 21.2GWh, accounting for 66.0% of the total export volume, with a month-on-month increase of 9.4% and a year-on-year increase of 70.2%; the export volume of other batteries was 10.9GWh, accounting for 34.0% of the total export volume, with a month-on-month increase of 24.4% and a year-on-year increase of 15.3%. From January to November, the cumulative export of power and other batteries from China reached 260.3GWh, with a cumulative year-on-year growth of 44.2%. The cumulative export accounted for 18.4% of the cumulative sales in the first 11 months. Among them, the cumulative export of power batteries was 169.8GWh, accounting for 65.2% of the total export volume, with a cumulative year-on-year growth of 40.6%; the cumulative export volume of other batteries was 90.5GWh, accounting for 34.8% of the total export volume, with a cumulative year-on-year growth of 51.4%. In terms of vehicle installation: In November, the domestic installation volume of power batteries was 93.5GWh, an increase of 11.2% compared to the previous month and an increase of 39.2% compared to the same period last year. Among them, the installation volume of ternary batteries was 18.2GWh, accounting for 19.4% of the total installation volume, with a month-on-month increase of 9.9% and a year-on-year increase of 33.7%; the installation volume of lithium iron phosphate batteries was 75.3GWh, accounting for 80.5% of the total installation volume, with a month-on-month increase of 11.6% and a year-on-year increase of 40.7%. From January to November, the cumulative installation volume of power batteries in China reached 671.5GWh, with a cumulative year-on-year growth of 42.0%. Among them, the cumulative installation volume of ternary batteries was 125.9GWh, accounting for 18.8% of the total installation volume, with a cumulative year-on-year growth of 1.0%; the cumulative installation volume of lithium iron phosphate batteries was 545.5GWh, accounting for 81.2% of the total installation volume, with a cumulative year-on-year growth of 56.7%.