According to the latest data statistics, the power battery installation volume for new energy logistics vehicles reached 3.7GWh in August, representing a month-on-month increase of 14.3%. Light trucks accounted for 45.7% of the installation volume, followed by large vans at 21.2% and medium vans at 15.5%. The cumulative installation volume from January to August totaled 22.9GWh.

Data Note: The data source is based on insurance registration data, with battery company information and capacity data derived from new vehicle announcements and purchase tax reduction lists. For vehicles with multiple battery supplier options, the volume is allocated equally among the optional suppliers.

**Top 10 Installation Volume | Intense Competition Among Guoxuan/EVE/CALB**

In the August Top 10 installation volume rankings, CATL maintained its leading position with 2,077.5MWh, up 21.5% month-on-month, capturing a 56.3% market share. Guoxuan High-Tech ranked second with 382.3MWh installation volume, down 3.9% month-on-month, holding a 10.4% market share. EVE Energy delivered an impressive performance with 339.3MWh installation volume, up 4.6% month-on-month, capturing 9.2% market share and climbing one position to third place. CALB's installation volume reached 321.1MWh, down 8.8% month-on-month, with an 8.7% market share, dropping one position to fourth place. FinDreams Battery achieved 229.0MWh installation volume, up 11.6% month-on-month, maintaining a 6.2% market share and holding its position.

For the cumulative January-August period: CATL dominated with 12,656.5MWh installation volume, commanding a substantial 55.3% market share. Guoxuan High-Tech secured second place with 2,559.9MWh and an 11.2% market share. CALB and EVE Energy followed closely in third and fourth positions with installation volumes of 2,321.4MWh and 2,317.6MWh respectively, each holding a 10.1% market share.

**Top 5 Battery Companies Installation Volume Distribution**

**CATL's Distribution Analysis:** Light trucks dominated CATL's installation volume with a 58.3% share, while large vans and medium vans accounted for 20.3% and 9.4% respectively. Small trucks, micro vans, micro trucks, and medium trucks had relatively lower proportions. This demonstrates CATL's extensive application in light truck segments while maintaining broad product compatibility across various vehicle types.

Regarding top 5 customer distribution, Beiqi Foton accounted for 17.2%, SAIC Maxus 14.7%, Yuancheng New Energy Commercial Vehicles 14.0%, JAC Motors 9.1%, and Changan Kaicene 6.0%. CATL's customer base appears well-diversified without over-reliance on any single client, which helps mitigate operational risks associated with customer concentration while reflecting strong market recognition and extensive partnerships with mainstream automotive manufacturers.

**Guoxuan High-Tech's Distribution Analysis:** Large vans represented the primary application segment for Guoxuan High-Tech with a 50.7% share, followed by medium vans at 36.5% and light trucks at 7.6%. Micro vans, micro trucks, and small trucks had relatively smaller proportions, indicating concentrated application in large and medium van segments.

In terms of top 5 customer distribution, Yuancheng New Energy Commercial Vehicles dominated with a 50.0% share, while SAIC-GM-Wuling accounted for 30.7%. These two customers combined for over 80% of the total, with SAIC Maxus, Changan Kaicene, and Chery Commercial Vehicles having relatively lower proportions. This reveals Guoxuan High-Tech's high customer concentration, with Yuancheng New Energy Commercial Vehicles and SAIC-GM-Wuling as core clients. While this structure provides stable orders, it may also expose the company to operational risks from changes in core customer demand.

**EVE Energy's Distribution Analysis:** Small trucks and light trucks dominated EVE Energy's installation volume with 36.5% and 36.1% shares respectively. Medium vans and large vans accounted for 13.9% and 10.4% respectively, while micro trucks and medium trucks had relatively lower proportions, highlighting strong performance in small truck and light truck segments.

For top 5 customers, Yuancheng New Energy Commercial Vehicles represented 42.2% and Beiqi Foton 37.5%, combining for nearly 80% of total volume. JAC Motors, Leichi Automotive, and Dongfeng Light Vehicle had relatively smaller proportions.

**CALB's Distribution Analysis:** CALB's power batteries found widest application in light trucks with a 34.7% share, followed by small trucks at 26.7% and large vans at 14.3%. Micro trucks, micro vans, and other vehicle types also maintained certain proportions, demonstrating broad coverage across various new energy logistics vehicle categories with good adaptability.

Among top 5 customers, Chery Commercial Vehicles dominated with a 49.2% share, serving as CALB's core client. Yuancheng New Energy Commercial Vehicles accounted for 18.0%, while Ruichi Automotive, Changan Cross, and Dongfeng Light Vehicle had relatively lower proportions. This customer structure shows CALB's high dependence on Chery Commercial Vehicles while maintaining partnerships with multiple other automotive manufacturers.

**FinDreams Battery's Distribution Analysis:** FinDreams Battery's power batteries held an absolute dominant position in light trucks with a 76.7% share. Large vans, micro trucks, and other vehicle types also maintained certain proportions, but the overall focus remained on light truck segments, reflecting product advantages and market emphasis in this category.

Regarding top 5 customer distribution, self-supply accounted for 27.4%, while Weichai New Energy Commercial Vehicles and Sinotruk Group represented 19.7% and 19.9% respectively. Xinyuan Automotive and XCMG Light Truck also held considerable proportions. FinDreams Battery's customer distribution appears relatively diversified with partnerships established across multiple commercial vehicle enterprises, with BYD's stable commercial vehicle sales growth providing a steady source of orders.