In June, the installed capacity of power lithium battery in China maintained an increase, LFP battery installed capacity remained at a historical high

In June, China's NEV battery installed capacity was 42.8GWh, up 30.2% YoY and 7.3% MoM. Among them, the installed capacity of ternary lithium batteries was 11.1GWh, accounting for 28% of the total installed capacity, up 25.9% YoY and 7.3% MoM; the installed capacity of LFP batteries was 31.7GWh, accounting for 74% of the total installed capacity, up 39.3% YoY and 7.4% MoM. From January to June, China's cumulative NEV battery installed capacity was 203.3GWh, with a cumulative YoY growth of 33.7%. Among them, the cumulative installed capacity of ternary lithium batteries was 62.3GWh, accounting for 30.6% of the total installed capacity, with a cumulative YoY growth of 29.7%; the cumulative installed capacity of LFP batteries was 141.0GWh, accounting for 69.3% of the total installed capacity, with a cumulative YoY growth of 35.7%.