China’s electric vehicle (EV) battery installations reached a record 54.5 gigawatt-hours (GWh) in September, marking a 49.6% increase year-on-year and a 15.5% rise from August, according to data from the China Automotive Battery Innovation Alliance (CABIA). This surge underscores the rapid growth of the EV industry in the country.
Contemporary Amperex Technology Co. Ltd. (CATL) maintained its leading position by installing 23.9 GWh of power batteries, securing a 44.02% market share. However, this represents a slight decrease of 0.44 percentage points from its 44.46% share in August.
BYD followed as the second-largest player with 13.18 GWh installed and a 24.2% market share, down 0.77 percentage points from 24.97% in the previous month. Despite the slight decline, both companies continue to dominate the market.
CALB ranked third with an installed capacity of 3.65 GWh, capturing a 6.69% share—a drop of 0.65 percentage points from August’s 7.34%. Gotion High-tech showed significant growth, ranking fourth with 3.16 GWh installed and increasing its market share to 5.8%, up 1.21 percentage points from 4.58% in August.
In terms of battery types, lithium iron phosphate (LFP) batteries dominated the market with 41.3 GWh installed, accounting for 75.8% of the total—a 70.9% year-on-year increase and an 18% rise from August. Lithium ternary battery installations reached 13.1 GWh, making up 24.1% of the total and showing a 7.4% year-on-year increase.
CATL, CALB, and LG Energy Solution were the top three suppliers for ternary batteries, holding market shares of 73.15%, 9.27%, and 6.79%, respectively. In the LFP battery segment, CATL led with a 34.8% share, followed by BYD at 31.8% and CALB at 6.91%.
China’s total production of power and other batteries in September was 111.3 GWh, up 43.3% year-on-year and 9.9% from August. Ternary battery production was 27 GWh, a 6.8% increase year-on-year, while LFP battery production reached 84.2 GWh, up 61.2% from the previous year.
The country also exported 11.8 GWh of power batteries in September, including 8.2 GWh of ternary batteries and 3.4 GWh of LFP batteries, highlighting China’s growing influence in the global battery market.
Source: CNEVPOST
