China's lithium iron phosphate (LFP) battery installed base surpassed ternary batteries for the first time this year in July, and that lead widened in August.
According to data released Friday by the China Automotive Battery Innovation Alliance, China's power battery installed base in August was 12.6 GWh, up 144.9 percent year-on-year and 11.2 percent from July.
The installed base of ternary batteries was 5.3 GWh, up 51.9 percent year-on-year and down 2.1 percent from July. LFP battery installation volume was 7.2 GWh, up 361.8 percent year-on-year, up 24.4 percent from July.
This means that in August, the installation of LFP batteries is about 36 percent higher than that of ternary batteries.
In July, China's LFP battery installed volume was 5.8 GWh, surpassing the ternary battery installed volume of 5.5 GWh for the first time this year, 5.5 percent higher than the latter.
(Data from the China Automotive Battery Innovation Alliance. Graphic by CnEVPost. )
From January to August, China's power battery installation volume was 76.3 GWh, up 176.3 percent year-on-year.
Among them, ternary batteries installed volume was 40.9 GWh, up 111.2 percent year-on-year, accounting for 53.6 percent of the total installed volume.
LFP batteries were installed in January-August at 35.2 GWh, up 338.6 percent year-on-year, accounting for 46.2 percent of the total installed base.
In terms of output, China's power battery production in August was 19.5 GWh, up 161.7 percent year-on-year and up 12.3 percent from July.
Among them, the output of ternary batteries was 8.4 GWh, accounting for 42.9 percent of the total output, an increase of 91.5 percent year-on-year and 4.8 percent compared with July.
LFP battery production was 11.1 GWh, accounting for 56.9 percent of total output, up 268.2 percent year-on-year and up 18.8 percent from July.
From January to August, China's power battery production was 111.5 GWh, up 201.0 percent year on year.
Among them, the output of ternary batteries was 53.2 GWh, accounting for 47.7 percent of the total output, an increase of 137.2 percent year on year.
LFP battery production in January-August was 58.1 GWh, accounting for 52.1 percent of total production, up 301.8 percent year-on-year.
CATL's power battery installation volume reached 6.5 GWh in August, with a market share of 51.7 percent. BYD's installed base was 2.4 GWh, with a 19.1 percent market share, and Gotion Hi-Tech's installed base was 0.69 GWh, with a 5.5 percent market share.
From January to August, CATL installed 37.9 GWh of batteries, with a 49.7 percent market share. BYD's installed base was 11.9 GWh, with a 15.6 percent market share, and CALB's installed base was 5 GWh, with a 6.6 percent market share.