On July 10, the latest data on China’s power battery market was released. In the first half of this year, China’s cumulative installed capacity of power batteries reached 203.3 GWh, marking a year-on-year increase of 33.7%. And ternary batteries accounted for 62.3 GWh, representing 30.6% of the total installed capacity, while LFP batteries reached 141 GWh, accounting for 69.3% of the total.
Additionally, China’s semi-solid-state batteries and sodium-ion batteries successfully entered the market in the first half of the year, with installation capacities of 2154.7 MWh and 1.5 MWh, respectively.
In terms of cumulative installed capacity rankings for power battery enterprises in the first half of 2024, the top 15 Chinese companies are: CATL, BYD, CALB, EVE Energy, Gotion High-Tech, SVOLT, Sunwoda, Rept Energy, Zenergy, LG Energy Solution, Jidian New Energy Technology, Farasis Energy, Do-Fluoride, Yinpai Energy, and Anche New Energy.
Since the beginning of this year, BYD’s Blade Battery has successively gained recognition from leading Chinese and international enterprises, securing new clients such as Xiaomi and NIO, while also announcing the commencement of operations at a joint venture power battery factory with FAW Group.
Ranked tenth is South Korean battery giant LG Energy Solution, achieving an installed capacity of 2.96 GWh in the first half of the year, with a market share of 1.47%.
However, amid the current consolidation within the lithium battery industry chain, LG Energy Solution also faces challenges.
Its latest financial data reveals a 30% year-on-year decline in revenue to 61.6 trillion Korean won for the second quarter of this year, and a significant 58% drop in operating profit to 195.3 billion Korean won.
Source: WeChat Official Account—电池工业网
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