Power Battery Production Maintained High Growth in July amid Soaring LFP Demand, but May Have Stabilised in August

Published: Sep 14, 2022 14:11

Source: SMM

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SHANGHAI, Sep 14 (SMM) - China's power battery output totalled 47.2 GWh in July, up 14% MoM and 172% YoY.

SHANGHAI, Sep 14 (SMM) - China's power battery output totalled 47.2 GWh in July, up 14% MoM and 172% YoY. The output of ternary batteries was 16.6 GWh, a decrease of 9.4% MoM, but up 107.7% YoY. The output of LFP batteries skyrocketed 33.5% MoM and 228% YoY to 30.6 GWh, a new record high. As a result, the proportion of LFP battery in the total power battery output expanded 10 percentage points to 64%, while that of ternary batteries shrank to 35%.

In contrast to the surge in power battery output, its installed capacity declined on a month-on-month basis, with details shown in the table below.

Unit: MWh	Volume in Jul	Proportion (%)	MoM (%)	YoY (%)	YTD (%)	YTD YoY (%)
Ternary materials	9,839	40.7	-15	80	55,439	56
Lithium iron phosphate	14,337	59.2	-7	147	78,708	181
Lithium manganese oxide	10	0.1	-33	-35	97	18
Total	24,187	100	-10	114	134,307	110

Output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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