Installed capacity of power batteries growing YoY in May 2021 06-24-2021

Summary: In May 2021, China's installed capacity of power batteries totaled 9.8GWh, demonstrating 178.2% growth YoY.

Output of power batteries

Regarding output, China's output of power batteries stood at 13.8GWh in May 2021, up 165.8% YoY and up 6.7% MoM, among which output of ternary lithium batteries was 5.0GWh, accounting for 36.2% of the total, up 62.9% YoY but down 25.4% MoM, while output of lithium iron phosphate batteries was 8.8GWh, accounting for 63.6% of the total, up 317.3% YoY and up 41.6% MoM.

From Jan. to May this year, China's output of power batteries added up to 59.5GWh, demonstrating 227.3% accumulative growth YoY, among which output of ternary lithium batteries totaled 29.5GWh, accounting for 49.6% of the total, 153.4% accumulative growth YoY, while output of lithium iron phosphate batteries totaled 29.9GW, accounting for 50.3% of the total, 360.7% accumulative growth YoY.

Installed capacity of power batteries

In May 2021, China's installed capacity of power batteries stood at 9.8GWh, up 178.2% YoY and up 16.2% MoM, among which installed capacity of ternary lithium batteries registered 5.2GWh, up 95.3% YoY and up 1.0% MoM, while installed capacity of lithium iron phosphate batteries registered 4.5GWh, up 458.6% YoY and up 40.9% MoM.

From Jan. to May this year, China's installed capacity of power batteries summed up to 41.4GWh, demonstrating 223.9% accumulative growth YoY, among which installed capacity of ternary lithium batteries totaled 24.2GWh, accounting for 58.5% of the total, 151.7% accumulative growth YoY, while installed capacity of lithium iron phosphate batteries totaled 17.1GWh, accounting for 41.3% of the total, 456.6% accumulative growth YoY.

Production and sales volume of alternative energy vehicles

Statistics showed that in May, China registered 217,000 alternative energy vehicles in both production and sales volume, growing 1.5 times and 1.6 times YoY respectively and continuing to reach the record high over the same period. From Jan. to May, production volume of and sales volume of alternative energy vehicles summed up to 967,000 and 950,000 respectively, both growing 2.2 times YoY.

Concentration ratio 

In May 2021, a total of 41 power battery enterprises in China's alternative energy vehicles market had their power batteries loaded and matched to vehicles, one more than that in the previous year. The top three power battery enterprises achieved a installed capacity of 7.3GWh, the top five of 8.5GWh, and the top ten of 9.0GWh, accounting for 74.5%、87.1%, and 92.5% of the total respectively.

From Jan. to May, a total of 51 power battery enterprises in China's alternative energy vehicles market had their power batteries loaded and matched to vehicles, three less than that in the previous year. During this period, the top three power battery enterprises achieved a installed capacity of 30.1GWh, the top five of 35.2GW, and the top ten of 38.2GWh, accounting for 72.8%, 85.0%, and 92.2% of the total respectively.

Source:CCM


More information about this artcle you can find at CCM Li-ion Battery China Monthly Newsletter.

About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & feed and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports. CCM is a brand of Kcomber Inc.

 

For more information about CCM, please visit www.cnchemicals.com or get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.


Subscribe to our Newsletter



Next Press