Dec 11 – The capacity of power batteries installed on new energy vehicles (NEVs) in China climbed 54.3% on the month to 6.3GWh in November amid year-end production rush, but the figure remained 25.9% lower from a year ago as the market showed after subsidy cuts, according to data from the Power Battery Application Branch of China Industrial Association of Power Sources.
Lithium iron phosphate (LFP) batteries accounted for most of the month-on-month increase in November, with their capacity up 132.3% from October.
On a yearly basis, capacity of ternary batteries and LFP batteries installed on NEVs fell 30.8% and 24%, respectively, to stand at 3.8GWh and 2.5GWh in November.
In January to November, the capacity of installed power batteries amounted to 52.5GWh, 20.4% higher from the same period in 2018.
WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!
