On October 7, SNE Research released data on global power battery installations from January to August of this year. The figures indicate that the total battery application in electric vehicles (EVs, PHEVs and HEVs) worldwide reached approximately 510.1 GWh, marking a 21.7% year-on-year increase.
Amid rising demand for new energy vehicles, installed capacity for power battery has shown impressive growth this year. In the first eight months, six Chinese companies each surpassed 10 GWh in total installations. Notably, Sunwoda experienced a staggering 60% year-on-year growth in its power battery installations, while EVE Energy saw an increase of 39.4%.
In terms of rankings, six Chinese companies led the market: CATL, BYD, CALB, EVE Energy, Gotion High-Tech, and Sunwoda, with a combined installed capacity of 332.3 GWh, accounting for 65.1% of the market share, highlighting the significant position of Chinese companies in the global power battery market.
SNE Research also noted that under the expanding competition in hybrid technology among global OEMs, BYD has launched a new hybrid vehicle with a range of 2,100 kilometers on a single charge, simultaneously targeting both the BEV and PHEV markets. Additionally, BYD is shifting away from the Chinese domestic market to enter Asian and European markets, rapidly gaining market share.
Furthermore, SNE Research pointed out that as the number of models equipped with LFP batteries continues to rise globally, Chinese battery companies are experiencing rapid growth. While subsidies for high-energy-density batteries are being reduced, the number of LFP models, which offer advantages in thermal stability and price competitiveness, has significantly increased. Outside of China, there is also a continuing trend of increasing LFP battery installations to ensure price competitiveness.
Source: WeChat Official Account—聚汽观察
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