Shanghai (ZXZC)- In Sept. 2022, China's power battery output reached 59.1GWh, soaring 155.2% year on year, while also jumping 18.1% month on month, according to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).

Of the power batteries produced last month, 24.3GWh and 34.8GWh were ternary-lithium batteries and lithium iron phosphate (LFP) batteries, up 152.1% and 157.4% from the year-ago period, respectively.

BYD Blade Battery; photo credit: BYD

For the first nine months of 2022, there were a total of 372.1GWh power batteries produced in China, representing a 176.2% year-on-year spike. The year-to-date output of ternary-lithium batteries and LFP batteries reached 150.2GWh (+139% YoY) and 221.3GWh (+209% YoY), respectively.

Data by the CAPBIIA show that the country's power battery installed capacity amounted to 31.6GWh in Sept., zooming up 101.6% from the previous year, while also rising 14% from the previous month.

To be specific, the installed capacity of ternary-lithium batteries and LFP batteries reached 11.2GWh and 20.4GWh last month, zooming up 82.6% and 113.8%, respectively, compared to the year-ago period.

The cumulative power battery installed capacity in the Jan.-Sept. period shot up 110.5% year over year to 193.7GWh. Notably, the year-to-date capacity of LFP batteries rocketed 159.8% over the previous year to 116.3GWh.

Moreover, there were 6.8GWh made-in-China power batteries exported to overseas markets in Sept., 4.6GWh of which were ternary-lithium batteries. For the first nine months of the year, the export volume summed up to 90.6GWh.

Regarding the Sept. power battery installed capacity, CATL, FinDreams Battery (the EV battery unit of BYD), CALB, and Gotion High-Tech were still the top 4 among China's EV battery players, accounting for 80.73% of the country's total capacity. Compared to the previous month, LG Energy Solution moved up six spots to the fifth place, while SVOLT dropped three spots to rank ninth.

With regard to Jan.-Sept. power battery installed capacity, the top 10 battery makers made up 94.42% of the country's total volume. Of them, CATL, FinDreams Battery, CALB, and Gotion High-Tech still topped others by holding a combined market share of 81.45%.