SHANGHAI, Mar 13 (SMM) – China's installed capacity of motive lithium-ion batteries grew 277.96% year on year, to stand at 4.98 GWh in January, according to industrial data by domestic new energy research institute RealLi Research.
Installed capacity of NCM batteries stood at 3.47 GWh in January and accounted for 69.74% of installed capacity of motive lithium-ion batteries. No NCA battery was installed that month.
Some 88.6% of NCM batteries were applied in passenger electric vehicles (EVs). Passenger plug-in electric hybrid vehicle (PHEVs), special EVs, and special PHEVs accounted for the rest of the share.
Installed capacity of lithium iron phosphate (LFP) batteries stood at 1.41 GWh in January and accounted for 28.43% of installed capacity of motive lithium-ion batteries.
About 1.15 GWh of LFP batteries were applied in bus EVs and accounted for 81.24% of installed capacity of LFP batteries.
Lithium manganese oxide (LMO) and Lithium titanate (LTO) batteries saw their installed capacity at 91.9 MWh in January, accounting for 1.83% of installed capacity of motive lithium-ion batteries that month.
SMM learned that in January, ternary batteries were applied in passenger and special vehicles, while all LFP batteries were used in pure electric vehicles and all LTO batteries were consumed in bus EVs.
In January, installed capacity of motive lithium-ion batteries required 3,940 mt of LFP, 7,740 mt of ternary materials, and 115 mt of LMO. On a yearly basis, demand for LFP grew 177%, consumption for ternary materials increased 376%, while that for LMO dropped 39%.
