China’s Power Battery Output Totals 100.6 GWh in Q1

According to the China Automotive Power Battery Industry Innovation Alliance on Monday, China’s power battery output totaled 39.2 GWh in March, up 247.3% year-on-year, while output reached 100.6 GWh in Q1, up 206.9% year-on-year.

In March, the sales volume of batteries in China was 24.5 GWh, up 175.3% year-on-year, while from January to March, the volume reached 65.0 GWh, up 172.6% year-on-year.

In March, a total of 21.4 GWh of power batteries in China were installed in electric vehicles, up 138.0% year-on-year, including 21.4 GWh ternary batteries and 29.8 GWh of ferrous lithium phosphate batteries, up 54.4% and 217.9% year-on-year respectively.

From January to March, the top 5 EV makers installing the greatest number of batteries included Contemporary Amperex Technology Co., Limited (CATL), BYD, China Lithium Battery Technology Co., Ltd. (CALB), Gotion High-Tech, and SVolt.  SNE, a Korean market research institution, released a report in February showing that CATL remains the single largest supplier of automotive batteries. The company has managed to secure a global market share of 32.6% as of 2021, ranking first once again in the research report.

SEE ALSO: CATL Wins Fifth Consecutive Title as World’s Largest Power Battery Manufacturer

In the first two months of this year, the shipments and market share of CATL were 18.4 GWh and 34.4% respectively, ranking first again. The company has also launched its third generation of cell-to-pack (CTP) technology, referred to internally as the Kirin battery, whose performance has been highly anticipated.