SHANGHAI, Apr 19 (SMM) - China’s power battery installed capacity stood at 27.8 Gwh in March, up 26% MoM and 30% YoY, rising for the second consecutive month.
The installed capacity of ternary batteries was 8.7 Gwh, up 30% MoM and 6.3% YoY. The installed capacity of LFP batteries was 19 Gwh, up 25% MoM and 45% YoY.
As the month-on-month growth rate of ternary battery installed capacity outpaced that of LFP battery, the market share of the former expanded 0.4 percentage point MoM to 31.4%, while that of the latter shrank to 68.5%.
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