Xin Lang Cai Jing·2025-10-15 13:58Core Insights - In the first three quarters of this year, domestic power and other battery production and sales have surpassed the total for the entire previous year, with production reaching 1121.9 GWh and sales at 1067.2 GWh, representing year-on-year growth of 51.4% and 55.8% respectively [1][2] Production and Sales Data - The cumulative production of domestic power and other batteries in the first three quarters was 1121.9 GWh, a year-on-year increase of 51.4% [1] - Cumulative sales reached 1067.2 GWh, with a year-on-year growth of 55.8% [1] - The total production and sales figures have already exceeded last year's totals of 1096.8 GWh and 1039.5 GWh respectively [1] Market Share and Competition - CATL (宁德时代) led the domestic market with a battery installation volume of 210.67 GWh, holding a market share of 42.75%, while BYD (比亚迪) followed with 111.21 GWh and a market share of 22.57% [1][3] - Together, CATL and BYD account for 65.32% of the domestic market [3] - Both companies experienced a decline in market share, with CATL down by 3.1 percentage points and BYD down by 2.1 percentage points compared to the previous year [4][5] Emerging Competitors - Gotion High-Tech (国轩高科) showed significant growth, achieving a market share increase of 1.2 percentage points, with a battery installation volume of 26.27 GWh [5][6] - Other second and third-tier battery manufacturers, such as EVE Energy (亿纬锂能) and Xinwangda (欣旺达), also reported market share increases [7][8] - The competition among second and third-tier manufacturers is intensifying, with improvements in product quality beyond just pricing [10] Battery Types and Trends - In the first three quarters, lithium iron phosphate (LFP) batteries accounted for 81.5% of total installations, with a cumulative volume of 402.6 GWh, reflecting a year-on-year growth of 62.7% [10] - In contrast, ternary batteries saw a cumulative installation volume of 91.2 GWh, representing a year-on-year decline of 7.8% [10] - CATL remains the leader in both LFP and ternary battery segments, with respective market shares of 36.47% and 36.61% [11][12] Export Performance - Cumulative exports of domestic power and other batteries reached 199.9 GWh, marking a year-on-year increase of 45.5% [12] - Power battery exports accounted for 64.6% of total exports, with a volume of 129.1 GWh, reflecting a year-on-year growth of 32.7% [12] - CATL led in exports with a growth rate of 37.9%, while BYD and Contemporary Amperex Technology Co., Ltd. (中创新航) followed with growth rates of 77.1% and 84.2% respectively [15]