LFP Battery Surpassed Ternary in EV Installation in July

| Jerry Huang

In China market, the domestic power battery output totaled 17.4GWh in July 2021, an increase of 185.3% year-on-year and an increase of 14.2% month-on-month. Among them, the output of ternary battery is 8.0GWh, accounting for 46.0% of the total output, with an increase of 144.0% year-on-year, and an increase of 8.6% month-on-month; the output of lithium iron phosphate (LFP) batteries is 9.3GWh, accounting for 53.8% of the total output, with an increase of 236.2% year-on-year, and an increase of 20.0% month-on-month.

From January to July this year, the total output of power batteries was 92.1GWh, an increase of 210.9% year-on-year. Among them, the cumulative output of ternary batteries was 44.8GWh, an increase of 148.2% year-on-year, accounting for 48.7% of the total output; the cumulative output of LFP batteries was 47.0GWh, an increase of 310.6% year-on-year, accounting for 51.1% of the total output. Battery output China market

With regard to battery capacity installed by EV industry, the total installation capacity of ternary batteries in July was 5.5GWh, accounting for 48.7%, an increase of 67.5% year-on-year, but a decrease of 8.2% month-on-month; the total installation of LFP batteries was 5.8GWh, accounting for 51.3%, an increase 235.5% year-on-year and an increase of 13.4% month-on-month.

From January to July, the cumulative capacity of ternary batteries installed in EV was 35.6GWh, an increase of 124.3% year-on-year, accounting for 55.8% of the total volume installed; the cumulative capacity of LFP batteries was 28.0GWh, an increase of 333.0% year-on-year, accounting for 43.9% of the total volume installed. Battery installation in EV China market

Source: SPIR News