4月锂电下游应用市场概况：动力市场表现一般，美国储能出货不及预期

Key Points - In April, China's new energy vehicle sales reached 1.226 million units, with domestic sales at 1.025 million units, showing a month-on-month decrease of 5% but a year-on-year increase of 39.3% [1][3] - Exports of new energy vehicles amounted to 200,000 units, reflecting a month-on-month increase of 27% and a year-on-year increase of 76% [1] - From January to April 2025, the production and sales of new energy vehicles were 4.429 million and 4.3 million units respectively, with year-on-year growth of 48.3% and 46.2% [4] Battery Industry - In April, the total installed capacity of power batteries in China was 54.1 GWh, showing a month-on-month decrease of 4.3% but a year-on-year increase of 52.8% [6] - The share of ternary batteries in the total installed capacity was 9.3 GWh, accounting for 17.2%, with a month-on-month decrease of 7.0% and a year-on-year decrease of 6.3% [6] - Lithium iron phosphate batteries accounted for 44.8 GWh, representing 82.8% of the total, with a month-on-month decrease of 3.8% but a year-on-year increase of 75.9% [6] - Cumulatively, from January to April, the total installed capacity of power batteries reached 184.3 GWh, with a year-on-year growth of 52.8% [6] Energy Storage - In March, domestic energy storage battery shipments reached 47.5 GWh, showing a year-on-year increase of 159.6% and a month-on-month increase of 8.8% [7]