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

Published: Sep 14, 2022 14:11 (GMT+8)

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

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