2022-07-18
Lithium Battery Industry: June 2022 Power Battery Monthly Data
China leads the world in new energy vehicle sales. Despite pandemic impacts, production and sales rose year-on-year. From January to May the market penetration rate reached 21%. This article summarizes June 2022 power battery production and sales data.
June data:
Total power battery production reached 41.3 GWh, a year-on-year increase of 171% and a month-on-month increase of 16%.
NCM (ternary) battery production was 18.3 GWh, up 148% year-on-year, accounting for 44% of power battery output, up 12% month-on-month.
LiFePO4 battery production was 22.9 GWh, up 194% year-on-year, accounting for 55% of power battery output, up 19% month-on-month.
Besides production growth, sales also rose rapidly. Nationwide power battery shipments totaled 47.5 GWh, a year-on-year increase of 297.0%. NCM shipments were 22.1 GWh, up 328%, representing 46.5% of total shipments.
January–June data:
Total power battery production was 206.4 GWh, up 176.4% year-on-year. Cumulative NCM production was 82.9 GWh, up 125% and accounting for 40% of total; LiFePO4 cumulative production was 123.2 GWh, up 226% and accounting for 59% of total.
As the power battery market expands, competition among manufacturers intensifies. How to win in this environment remains an important question.
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