Data released by the China Automotive Power Battery Industry Innovation Alliance shows that combined production of power and energy storage batteries in the country reached 218.0 GWh in July, marking a 5.8% increase month-on-month and a substantial 62.9% rise compared to the same period last year. For the first seven months of the year, cumulative output totaled 1,286.9 GWh, reflecting a year-on-year growth of 54.9%.

In terms of sales, the sector moved 185.2 GWh of power and storage batteries in July, a slight 5.5% dip from the prior month but a robust 45.5% jump year-on-year. Power batteries accounted for the lion's share at 129.1 GWh, representing 69.7% of total sales, with a 3.3% sequential decline and a 41.6% annual increase. Storage batteries contributed 56.1 GWh, or 30.3% of the total, down 10.3% month-on-month but up 55.4% year-on-year. Over the January-to-July period, cumulative sales hit 1,164.6 GWh, a 48.1% increase year-on-year. Within that total, power battery sales reached 790.4 GWh (67.9% of the mix, up 37.1% annually), while storage battery sales stood at 374.2 GWh (32.1% of the mix, surging 78.6% year-on-year).

Exports of power and storage batteries combined amounted to 35.2 GWh in July, down 2.7% from June but up 51.7% year-on-year, representing 19.0% of the month's total sales. Power battery exports totaled 24.0 GWh, making up 68.0% of all exports, with a 6.0% monthly drop and a 62.1% annual gain. Storage battery exports came to 11.3 GWh, or 32.0% of the export mix, rising 4.9% month-on-month and 33.4% year-on-year. For the first seven months, cumulative exports reached 216.6 GWh, a 43.9% increase year-on-year, accounting for 18.6% of total sales. Of that, power batteries exported 146.7 GWh (67.7% of exports, up 52.1% annually), and storage batteries exported 69.9 GWh (32.3% of exports, up 29.3% year-on-year).

Turning to installations, domestic power battery installations hit 74.6 GWh in July, a 2.5% decline month-on-month but a 33.5% surge year-on-year. Ternary battery installations totaled 11.1 GWh, accounting for 14.9% of the total, down 12.1% from June and up just 1.8% annually. Lithium iron phosphate (LFP) battery installations reached 63.1 GWh, representing 84.6% of the total, with a 1.0% sequential decline and a 40.5% year-on-year increase. Cumulatively, installations from January through July reached 410.2 GWh, up 15.4% year-on-year. Of that, ternary batteries accounted for 74.5 GWh (18.2% of the total, up 12.1% annually), while LFP batteries contributed 335.1 GWh (81.7% of the total, up 16.0% year-on-year).