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.
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.