Zheng Quan Ri Bao Wang·2025-07-13 13:30Core Insights - The Chinese power battery industry is experiencing significant growth, with a total installed capacity of 299.6 GWh in the first half of the year, representing a year-on-year increase of 47.3% [1] - Lithium iron phosphate (LFP) batteries have become the dominant force in the market, accounting for 81.4% of total installed capacity, with a year-on-year growth of 73.0% [1][4] - The overall market for power batteries is stabilizing, with leading companies like CATL and BYD maintaining a strong market share [3] Production and Sales Growth - The cumulative production of power batteries in China reached 697.3 GWh in the first half of the year, marking a year-on-year increase of 60.4% [2] - Cumulative sales of power batteries were 485.5 GWh, reflecting a year-on-year growth of 51.6% [2] - CATL led the market with an installed capacity of 128.6 GWh, representing 43.05% of the total, while BYD followed with 70.37 GWh, or 23.55% [2] Market Dynamics and Innovations - The market concentration remains high, with CATL and BYD together holding a combined market share of 66.4% [3] - CATL has introduced several new technologies, including dual-core batteries and sodium-ion batteries, which aim to enhance performance and safety [3] - The trend towards energy transition is prompting leading battery companies to innovate not just in products but also in business models, such as establishing battery swapping networks [3] Stability of Lithium Iron Phosphate Batteries - LFP batteries continue to dominate the market due to their performance improvements and cost-effectiveness, with a total installed capacity of 244.0 GWh in the first half of the year [4] - In June, LFP battery installations reached 47.4 GWh, accounting for 81.5% of total installations, with a year-on-year increase of 49.7% [4] - The demand for LFP batteries is expected to grow in both the electric vehicle and energy storage sectors, ensuring their continued market leadership [4]