On March 6, data released by South Korean market research institution SNE Research showed that in January 2023, the global installed capacity of power batteries reached 33.0 GWh (including EV、PHEV、HEV), a year-on-year increase of 18.1%. The data has continued to grow since the third quarter of 2020. Power battery installed capacity in 2023 is expected to be around 749 GWh, according to SNE.
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