智通财经网·2026-02-22 06:12Core Insights - The overall performance of the power battery market in January 2026 is weak, with both exports and domestic sales showing mediocre results, leading to a decline in the growth rate of battery production from over 40% to 25% year-on-year [1][3][9] Group 1: Battery Production and Demand - In January 2026, the total production of power and other batteries reached 168 GWh, marking a 25% increase year-on-year [1] - The demand for installed batteries is heavily reliant on the surge in heavy-duty vehicle batteries due to high subsidies [1][3] - The installation rate of power batteries has decreased significantly, dropping to 25% in January 2026, with ternary batteries at 30% and lithium iron phosphate batteries at 24% [2][4] Group 2: Market Trends and Changes - The demand for batteries in the energy storage sector has increased rapidly, influenced by the global energy crisis stemming from the Russia-Ukraine conflict, leading to a notable decline in the proportion of installed batteries [3][8] - The growth rate of power batteries has lagged behind the growth of complete vehicles in 2021 and 2022, with a low installation rate expected for 2023 and 2024 [3][4] - The market for pure electric passenger vehicles continues to dominate, while plug-in hybrid passenger vehicles have risen to second place in terms of battery demand [7][8] Group 3: Competitive Landscape - The competitive landscape of battery manufacturers remains relatively stable, with the number of supporting battery companies at a low of 33 in January 2026 [10][11] - CATL's market share increased to 50.1% in the first quarter of 2026, while BYD's share decreased to 17.5%, indicating a significant concentration of market power among leading manufacturers [15] - The trend of vehicle manufacturers increasingly collaborating with battery producers is becoming more pronounced, suggesting a shift towards integrated supply chains in the industry [12][15]