Power Battery Monthly information for February 2024

In terms of output:

From January to February, the overall growth of China's power battery industry, but affected by the Spring Festival holiday, February power battery production, sales, loading and other market conditions are not good.

In February, China's total output of power and other batteries was 43.6GWh, down 33.1% from the previous month and down 3.6% year-on-year.

From January to February, the total cumulative production of power and other batteries in China was 108.8GWh, a cumulative increase of 29.5%

Sales:

In February, the total sales volume of power and other batteries in China was 37.4GWh, down 34.6% from the previous month and down 10.1% year-on-year. Among them, the sales volume of power batteries was 33.5GWh, accounting for 89.8%, down 33.4% month-on-month, down 7.6% year-on-year; Other battery sales were 3.8GWh, accounting for 10.2%, down 43.2% quarter-on-quarter and down 27.0% year-on-year.

From January to February, the total cumulative sales of power and other batteries in China was 94.5GWh, a cumulative increase of 26.4%. Among them, the cumulative sales volume of power batteries was 83.9GWh, accounting for 88.8%, a cumulative increase of 31.3%; Other battery cumulative sales of 10.6GWh, accounting for 11.2%, a cumulative decline of 2.3%.

In February, China's power and other batteries exported a total of 8.2GWh, down 1.6% month-on-month, down 18.0% year-on-year, accounting for 22.0% of the month's sales. Among them, power battery exports 8.1GWh, accounting for 98.6%, down 0.7% quarter-on-quarter, down 10.9% year-on-year. Other battery exports 0.1GWh, accounting for 1.4%, down 38.2% quarter-on-quarter, down 87.2% year-on-year.

From January to February, China's total cumulative exports of power and other batteries reached 16.6GWh, accounting for 17.6% of the cumulative sales in the first February, a cumulative decline of 13.8%. Among them, the cumulative export of power batteries was 16.3GWh, accounting for 98.1%, a cumulative decrease of 1.9%. Other batteries accumulated exports of 0.3GWh, accounting for 1.9%, a cumulative decline of 88.2%.

In terms of loading capacity:

In February, China's power battery load 18.0GWh, down 18.1% year-on-year, down 44.4% month-on-month. Among them, the ternary battery load of 6.9GWh, accounting for 38.7% of the total load, an increase of 3.3%, down 44.9%; The loading capacity of lithium iron phosphate batteries was 11.0GWh, accounting for 61.3% of the total loading capacity, down 27.5% year-on-year and 44.1% quarter-on-quarter.

From January to February, the cumulative load of China's power batteries was 50.3GWh, a cumulative increase of 32.0%. Among them, the cumulative load of ternary batteries is 19.5Wh, accounting for 38.9% of the total load, a cumulative increase of 60.8%; The cumulative loading capacity of lithium iron phosphate batteries was 30.7GWh, accounting for 61.1% of the total loading capacity, with a cumulative increase of 18.6%.

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