Output of Power Battery Is Expected to Reach 27GHW in November

Published: Dec 15, 2021 12:34

Save

Power battery output totalled 25.1 GWh in October, up 155% on the year and 8.4% on the month.

SHANGHAI, Dec 15 (SMM) - Power battery output totalled 25.1 GWh in October, up 155% on the year and 8.4% on the month. The increase of power battery output slowed after experiencing a rapid increase of more than 10% for four consecutive months, and the output only rose 8.4% MoM in October. The output of ternary battery stood at 9.2Gwh in October, down 4% on the month, but up 67% on the year. The output of LFP battery stood at 15.9GWH, up 18% MoM and 267% YoY. LFP battery is still the main driving force for the growth of battery output. The market shares of LFP battery rose further, accounting for 63.3% of the total, and the shares of ternary battery fell to 36.6%.

The total installed capacity of power battery in October declined MoM for the first time since April and stood at 15.42GWH, down 2% on the month, but up 162% on the year. The installed capacity of ternary battery stood at 6.97GWH in October, up 14% month on month and 104.3% year on year. The installed capacity of LFP battery recorded 8.43GWH, down 12% on the month, but up 249.5% on the year as the installed capacity of LFP battery had soared in previous months.

output analysis power battery

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

11 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

11 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

11 hours ago