China Automotive Battery Innovation Alliance: Domestic power battery installations in August increased by 26.3% year-on-year.

Zhitong Finance APP has learned that the China Automotive Battery Innovation Alliance released the August monthly information on power batteries. In August, domestic power battery installations reached 79.0GWh, up 5.9% month-on-month and up 26.3% year-on-year. Among them, ternary battery installations were 11.0GWh, accounting for 14.0% of total installations, down 1.0% month-on-month and up 0.9% year-on-year; lithium iron phosphate battery installations were 67.6GWh, accounting for 85.6% of total installations, up 7.0% month-on-month and up 31.0% year-on-year.