A few days ago, China Automotive Power Battery Industry Innovation Alliance (hereinafter referred to as “Battery Alliance”) released monthly data on power batteries in July this year.
Data show that in that month, the number of power batteries installed in China increased by nearly 30% compared with the same period last year, and the combined share of Ningde Times and BYD exceeded 70%.
, photo source: battery Alliance (same below), specifically, in July, China’s power battery load 41.
6GWh, down 2.
9% from the previous month, an increase of 29% over the same period last year.
This is relatively consistent with the trend of production and sales of new energy vehicles in that month.
According to the China Automobile Association, in July, the production and sales of new energy vehicles in China completed 984000 and 991000 respectively, showing a month-on-month decline and an increase of 22.
3% and 27% respectively compared with the same period last year.
Focusing on the segment, in that month, ternary battery 11.
4GWh accounted for 27.
3% of the total loading, an increase of 2.
3% month-on-month and 7.
5% over the same period last year.
lithium iron phosphate battery 30.
1GWh accounted for 72.
5% of the total loading, down 4.
8% from the previous month and an increase of 39.
2% over the same period last year.
Ternary lithium battery and lithium iron phosphate battery are the two most mainstream technology routes in the field of power battery at present.
They all use graphene as the anode material, but the cathode materials used are different.
The ternary lithium battery mainly uses Ni-Co-Al or Ni-Co-mn as the positive electrode, while the lithium iron phosphate battery uses lithium iron phosphate as the positive electrode.
These two technical routes can be said to have their own advantages.
For example, lithium iron phosphate batteries have advantages in safety and price compared with ternary lithium batteries, while ternary lithium batteries are superior in energy density, voltage intensity and range.
Before 2017, lithium iron phosphate batteries with lower cost, higher safety and higher cycle life were the main choice in the market due to the dominance of small and micro electric vehicles on the market, once occupying about 70% of the domestic power battery market.
After 2017, due to policy adjustment and other reasons, ternary lithium battery anti-superphosphate lithium battery, the market share continues to soar.
However, in the past two years, lithium iron phosphate batteries have once again occupied the mainstream market as car companies continue to seek cost cuts and policy subsidies have been withdrawn and cancelled.
According to the data of Battery Alliance, from January to July this year, the cumulative load of power batteries in China was 244.
9GWh, an increase of 32.
8% over the same period last year.
Among them, the cumulative loading of ternary batteries 73.
6GWh, accounting for 30.
1 percent of the total loading, increased by 25.
7 percent over the same period last year.
the cumulative loading of lithium iron phosphate batteries 171.
1GWh, accounting for 69.
9 percent of the total loading, increased by 36.
3 percent over the same period last year.
At the enterprise level, in July, a total of 39 power battery enterprises were installed in China’s new energy vehicle market, an increase of 3 over the same period last year.
The power battery loads of the top 3, top 5 and top 10 power battery companies were 31.
7GWh, 35GWh and 39.
7GWh, accounting for 76.
3%, 84.
2% and 95.
5% of the total, respectively.
The top 10 accounted for 1.
6% lower than the same period last year.
From January to July, a total of 51 power battery enterprises were installed in China’s new energy vehicle market.
Compared with last year, the number of power battery installed in the top 3, top 5 and top 10 power battery enterprises was 189.
GWh, 208.
3GWh and 235Gwh, accounting for 77.
3%, 85% and 96% of the total, respectively.
In July, the top 10 companies in power battery loading include Ningde era, BYD, China New Airlines, Guoxuan High-Tech, Yiwei Lithium Energy, Xinwanda, Honeycomb Energy, Zhengli Xinneng, Ruipu Lanjun and LG New Energy.
Among them, the largest installed capacity of power batteries is still in the Ningde era.
In July, the number of power batteries installed in Ningde era was 19.
42GWh, accounting for 47.
3%, up from the previous month.
The share of BYD, which ranked second, fell somewhat, accounting for 22.
83% of the month’s 9.
37GWh power battery load.
For a long time, Ningde era and BYD have always occupied the top two seats, with a combined share of about 70%.
In retrospect, their share is basically a state of “growth and decline”.
In 2023, the installed capacity of power batteries in Ningde era reached 167.
1GWh accounts for 43.
11%, while BYD’s power battery is loaded with 105.
48GWh, accounting for 27.21%. In July, Ningde Times is the well-deserved “overlord” in the field of ternary batteries, taking more than 70% of the plate with the loading capacity of 7.68GWh. In second place is China New Airlines, accounting for 6.55%. BYD’s power battery load comes almost entirely from lithium iron phosphate batteries, but even so, Ningde era still ranks first in the field of lithium iron phosphate batteries, which has something to do with the high volume of Shenxing PLUS.
At this year’s Beijing Auto Show, Ningde Times unveiled a new product of lithium iron phosphate battery, Shenxing PLUS, which has both 1000km service life and 4C overcharge characteristics, redefining lithium iron phosphate power battery and opening the era of overcharge of new energy vehicles.
According to the subdivision needs of different groups, different versions are developed, such as ultra-fast charging, president life, low temperature, high temperature, omnipotence and so on, in order to solve the pain point problem of consumers.
At present, the brand new polar krypton 001, millet SU7 Pro, star era ET, Guangzhou automobile AION Y Plus and other models are equipped with Shenxing battery.
At the semi-annual earnings call in 2024, the relevant person in charge of Ningde Times said, “Shenxing and Kirin are recognized and liked by many users, and shipments have accounted for a certain proportion, and will continue to increase in the future.
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