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The China Automotive Power Battery Industry Innovation Alliance recently released the monthly data for May 2024 regarding China’s automotive batteries.

The data shows that in May, China’s power battery installation capacity reached 39.9 GWh, representing a year-on-year growth of 41.2% and a month-on-month growth of 12.6%. Among these, ternary batteries accounted for 10.4 GWh, making up 26.0% of the total installation, while LFP batteries accounted for 29.5 GWh, making up 74% of the total installation.

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From January to May, China’s cumulative power battery installation capacity reached 160.5 GWh. And Ternary batteries had a cumulative installation capacity of 51.1 GWh, accounting for 31.9% of the total, while LFP batteries had a cumulative installation capacity of 109.3 GWh, accounting for 68.1% of the total.

Source: WeChat Official Account—电池工业网

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