According to the China Association of Automobile Manufacturers, in October, China's power batteries’ installed capacity stood at 15.4GWh, up 162.8% year-on-year and down 1.8% sequentially. Among them, a total of 7GWh of ternary cathode batteries were installed, up 104.3% year-on-year and 13.5% month-on-month; a total of 8.4GWh of lithium iron phosphate (LFP) batteries were installed, up 249.5% year-on-year and down 11.6% month-on-month.