智通财经网·2025-08-16 23:38Core Insights - The electric vehicle battery market is experiencing strong growth, with significant increases in both domestic and export demand for power batteries, particularly lithium iron phosphate batteries [1][4][9] - The competitive landscape is dominated by CATL and BYD, with CATL's market share declining while BYD's share has increased significantly over the years [1][22] - The production and installation rates of power batteries are fluctuating, with a notable decrease in the proportion of batteries installed in vehicles [3][4] Battery Production and Installation - In July 2025, China's total power battery production reached 134 GWh, a year-on-year increase of 42%, with cumulative production from January to July at 831 GWh, up 43% [2] - The installation rate of power batteries has been decreasing, with 2025's installation rate projected to drop to 43%, down from 70% in 2021 [3][4] Market Dynamics - The demand for electric vehicle batteries remains robust, with pure electric passenger vehicles expected to see a 39% increase in battery demand in 2025, while plug-in hybrid vehicles are projected to grow by 19% [9][10] - The market for pure electric trucks is also experiencing significant growth, with a projected increase of 153% in battery demand [9] Competitive Landscape - The competitive dynamics of the battery market are characterized by a strong presence of leading companies like CATL and BYD, with CATL's market share at 42% in 2025, while BYD's share has risen from 15% in 2020 to 26.9% in 2023 [22] - Other companies like EVE Energy and A123 Systems are also gaining traction, but the market remains largely dominated by the top two players [22] Energy Density Trends - The main energy density range for current electric vehicle batteries is between 125 to 160 Wh/kg, with a notable increase in the share of batteries in the 140 to 160 Wh/kg range [21] - The share of batteries with energy density above 160 Wh/kg has decreased significantly, indicating a shift towards lithium iron phosphate batteries [21] Future Outlook - The battery market is expected to continue evolving, with potential shifts in production strategies as automakers increasingly invest in battery manufacturing [19][22] - The overall structure of battery demand is changing, with a growing emphasis on high-performance batteries for electric vehicles [20][21]