China battery installations rise 32% in June, LFP share hits record 83. 3%
China monthly power battery installations202420252026China's power battery installations reached 76. 5 GWh in June, up 31. 5% year-on-year, the fastest growth so far this year. China exported a combined 36. 2 GWh. . .
China monthly power battery installations202420252026China's power battery installations reached 76. 5 GWh in June, up 31. 5% year-on-year, the fastest growth so far this year. China exported a combined 36. 2 GWh of power and energy storage batteries in June, up 48. 7% year-on-year. China's power battery installations accelerated in June, with lithium iron phosphate (LFP) batteries further extending their dominance as the electric vehicle market continues shifting toward lower-cost battery technology. Domestic power battery installations reached 76. 5 GWh in June, up 31. 5% year-on-year and up 6. 4% from May, according to data released Thursday by the China Automotive Battery Innovation Alliance (CABIA). The year-on-year growth was faster than the25. 9% recorded in Mayand marked the strongest pace so far this year. China's power battery installations have now increased year-on-year for a third consecutive month and month-on-month for a fourth straight month. The performance indicates that power battery demand has moved well beyond the seasonal weakness seen at the start of the year. Installations fell 24. 6% and 0. 2% year-on-year in February and March, respectively, due to the Chinese New Year holiday and a seasonal slowdown in vehicle sales. LFP batteries continued to drive overall market growth. Installations of LFP batteries reached 63. 7 GWh in June, up 34. 4% year-on-year and up 9. 2% from May. China monthly power battery installations: Ternary vs LFPLFPTernaryChina Monthly Power Battery Installations: Ternary vs LFP - Monthly Data (GWh)MonthTernary (GWh)LFP (GWh)Jan 20201. 60. 7Feb 20200. 50. 1Mar 20202. 20. 5Apr 20202. 60. 9May 20202. 70. 8Jun 20203. 01. 7Jul 20203. 31. 7Aug 20203. 51. 6Sep 20204. 22. 3Oct 20203. 42. 4Nov 20205. 94. 7Dec 20206. 06. 9Jan 20215. 43. 3Feb 20213. 32. 2Mar 20215. 13. 9Apr 20215. 23. 2May 20215. 24. 5Jun 20215. 95. 1Jul 20215. 55. 8Aug 20215. 37. 2Sep 20216. 19. 5Oct 20217. 08. 4Nov 20219. 211. 6Dec 202111. 115. 1Jan 20227. 38. 9Feb 20225. 87. 8Mar 20228. 213. 2Apr 20224. 48. 9May 20228. 310. 2Jun 202211. 615. 4Jul 20229. 814. 3Aug 202210. 517. 2Sep 202211. 220. 4Oct 202210. 819. 7Nov 202211. 023. 1Dec 202211. 424. 7Jan 20235. 410. 7Feb 20236. 715. 2Mar 20238. 719. 0Apr 20238. 017. 1May 20239. 019. 2Jun 202310. 122. 7Jul 202310. 621. 7Aug 202310. 824. 1Sep 202312. 224. 2Oct 202312. 326. 8Nov 202315. 729. 1Dec 202316. 631. 3Jan 202412. 619. 7Feb 20246. 911. 0Mar 202411. 323. 6Apr 20249. 925. 5May 202410. 429. 5Jun 202411. 131. 7Jul 202411. 430. 1Aug 202412. 135. 0Sep 202413. 141. 3Oct 202412. 247. 0Nov 202413. 653. 6Dec 202414. 361. 0Jan 20258. 530. 2Feb 20256. 428. 4Mar 202510. 046. 6Apr 20259. 344. 8May 202510. 546. 5Jun 202510. 747. 4Jul 202510. 944. 9Aug 202510. 951. 6Sep 202513. 862. 2Oct 202516. 567. 5Nov 202518. 275. 3Dec 202518. 279. 8Jan 20269. 432. 7Feb 20265. 720. 6Mar 202610. 745. 8Apr 202611. 550. 8May 202613. 458. 4Jun 202612. 763. 7LFP batteries accounted for a record 83. 3% of total power battery installations during the month. That was up 2. 1 percentage points from 81. 2% in May, further consolidating the technology's dominance in the Chinese market. By comparison, ternary battery installations reached 12. 7 GWh in June, up 18. 1% year-on-year but down 5. 5% from the previous month. Their market share fell to 16. 5% from 18. 6% in May. The divergent month-on-month performance of the 2 battery types shows that automakers continue to accelerate their adoption of LFP technology, which is relatively cheaper and considered safer, despite typically offering lower energy density. In the first 6 months of the year, China's cumulative power battery installations reached 335. 6 GWh, up 12. 0% year-on-year. The growth rate accelerated significantly from 7. 3% in the first 5 months. LFP battery installations totaled 272. 0 GWh during the period, accounting for 81. 0% of the total and rising 11. 5% year-on-year. Ternary battery installations reached 63. 4 GWh, representing an 18. 9% share and increasing 14. 2%. Although cumulative growth in ternary battery installations was slightly faster than that of LFP batteries, their volume remained far lower. The monthly data also showed that ternary batteries continued to lose market share. Production of power and energy storage batteries grew much faster than domestic vehicle installation demand. Combined output of the 2 battery categories reached 206. 0 GWh in June, up 59. 5% year-on-year and 7. 5% month-on-month. China monthly battery production202420252026China monthly battery production (GWh)Month202420252026Jan65. 2107. 8168Feb43. 6100. 3141. 6Mar75. 8118. 3177. 7Apr78. 2118. 2183. 9May82. 7123. 5191. 7Jun84. 5129. 2206Jul91. 8133. 8Aug101. 3139. 6Sept111. 3151. 2Oct113. 1170. 6Nov117. 8176. 3Dec124. 5201. 7In the first 6 months, cumulative production of power and energy storage batteries reached 1,068. 9 GWh, up 53. 3% year-on-year, far exceeding the 12. 0% growth in domestic power battery installations during the same period. The gap shows that additional output from China's battery industry is not being absorbed solely by the domestic EV market. Rapidly expanding energy storage demand and rising exports are becoming increasingly important sources of growth for battery manufacturers. Combined sales of power and energy storage batteries reached 196. 0 GWh in June, up 49. 1% year-on-year and up 7. 6% from May. Power battery sales totaled 133. 4 GWh, accounting for 68. 1% of the total and rising 41. 8% year-on-year. Energy storage battery sales reached 62. 6 GWh, representing a 31. 9% share and increasing 67. 5%. Energy storage battery sales grew significantly faster than power battery sales and rose 13. 4% from May. This reflects how demand from grid-scale storage and renewable energy projects is increasing the importance of energy storage batteries within the industry. In the first 6 months, cumulative sales of power and energy storage batteries reached 979. 4 GWh, up 48. 6% year-on-year. Power battery sales rose 36. 2% to 661. 3 GWh, while energy storage battery sales surged 83. 4% to 318. 1 GWh. Exports also returned to strong month-on-month growth in June. Combined exports of power and energy storage batteries reached 36. 2 GWh, up 48. 7% year-on-year and up 23. 7% from the previous month, accounting for 18. 5% of total sales during the month. Power battery exports reached 25. 5 GWh, up 60. 8% year-on-year and up 26. 6% month-on-month. Energy storage battery exports totaled 10. 7 GWh, up 26. 1% year-on-year and up 17. 3% from May. China monthly power battery exports202420252026China's combined exports of power and energy storage batteries had previously declined month-on-month for 2 consecutive months. The rebound in June indicates that overseas demand is again providing stronger growth support for Chinese battery manufacturers. In the first 6 months, China exported a cumulative 181. 3 GWh of power and energy storage batteries, up 42. 5% year-on-year and accounting for 18. 5% of total sales during the period. Power battery exports totaled 122. 7 GWh in the first half, up 50. 3% year-on-year. Energy storage battery exports reached 58. 6 GWh, an increase of 28. 5%. The recovery in domestic installations, rapid growth in energy storage battery sales and rebound in exports helped China's battery industry maintain strong growth in June. However, production continues to expand faster than sales and installation demand, highlighting the need for the industry to monitor pressure on prices and capacity utilization as supply grows. Among the top 10 companies, seven were Chinese firms, together accounting for 72. 6% of the global EV battery market.