China EV battery installations rise 8.4% year-on-year to 42 GWh in Jan

• LFP batteries maintained their dominant position, accounting for 32.7 GWh of installations in January — 77.7% of the total.
• China's power battery exports in January were 17.7 GWh, a 59.3% year-on-year increase.

China's electric vehicle (EV) battery installations achieved year-on-year growth last month despite a significant decline from December.

In January, China's power battery installations came in at 42.0 GWh, marking an 8.4% year-on-year increase but a 57.2% decrease from December, according to data released Wednesday by the China Automotive Battery Innovation Alliance (CABIA).

Lithium iron phosphate (LFP) batteries continued to dominate, with January installations totaling 32.7 GWh, accounting for 77.7% of total installations. This represents an 8.1% year-on-year increase but a 59.1% decrease compared to December.

January installations of ternary lithium batteries were 9.4 GWh, representing 22.3% of total installations. This represents a 9.6% year-on-year increase but a 48.6% decrease from December.

China's production of power and energy storage batteries in January was 168.0 GWh, a 55.9% year-on-year increase but a 16.7% decrease from December.

LFP battery production in January was 136.7 GWh, a 57.1% year-on-year increase but a 14.8% decrease from December.

Ternary battery production in January totaled 31.3 GWh, up 51.1% year-on-year but down 23.1% from December.

China's total exports of power and energy storage batteries in January amounted to 24.1 GWh, a 38.3% increase year-on-year but a 26.0% decrease from December, accounting for 16.2% of that month's sales.

January's power battery exports totaled 17.7 GWh, accounting for 73.3% of total exports. This represents a 59.3% year-on-year increase but a 7.1% decrease compared to December.

January's energy storage battery exports were 6.4 GWh, comprising 26.7% of total exports. This marks a 1.4% year-on-year increase but a 52.6% decrease compared to December.