起点锂电·2025-07-06 11:25Core Viewpoint - The article highlights the significant growth in the power battery installation volume in May 2025, with a year-on-year increase of 34.08% and a month-on-month increase of 7.3%, indicating a robust demand in the electric vehicle sector [1]. Group 1: Overall Market Performance - In May 2025, the total power battery installation volume reached 53.35 GWh, with a cumulative total of 226.92 GWh from January to May, reflecting a year-on-year growth of 42.95% [1]. - The installation volume of lithium iron phosphate batteries was 41.37 GWh, showing a year-on-year increase of 57.9% [2]. - The installation volume of ternary lithium batteries was 10.36 GWh, which represents a year-on-year decrease of 3.0% [2]. Group 2: Product Shape Analysis - Square lithium batteries accounted for 51.01 GWh in May, with a year-on-year growth of 35.94% [3]. - Cylindrical lithium batteries had an installation volume of 1.06 GWh, reflecting a year-on-year increase of 13.98% [3]. - Soft-pack lithium batteries saw a decline, with an installation volume of 0.28 GWh, down 53.33% year-on-year [3]. Group 3: Company Performance - CATL (宁德时代) led the market with an installation volume of 23.55 GWh in May, capturing 44.14% of the market share, which is a month-on-month increase of 12.57% [6]. - BYD (比亚迪) followed with an installation volume of 12.68 GWh, holding 23.77% of the market share, but experienced a month-on-month decline of 1.94% [6]. - The combined market share of the top five companies (CR5) was 83.28%, while the top ten (CR10) accounted for 94.08% of the total installation volume [6]. Group 4: Customer Distribution - For CATL, Geely accounted for 12.78% of its installation volume, while Changan and Tesla contributed 9.64% and 7.86%, respectively [7]. - BYD's self-supply ratio was 81.23%, with Xpeng and NIO accounting for 4.57% and 3.00% of its installation volume, respectively [13]. - For Zhongchuang Innovation (中创新航), GAC Group held 18.18% of the installation volume, while Leap Motor and Geely accounted for 13.07% and 10.80%, respectively [20]. Group 5: Material Composition - In May, CATL's installation volume included 68.07% lithium iron phosphate batteries and 31.21% ternary lithium batteries [8]. - BYD exclusively used lithium iron phosphate batteries, maintaining a 100% share in its installation volume [16]. - Zhongchuang Innovation's installation volume comprised 73.58% lithium iron phosphate batteries and 26.42% ternary lithium batteries [23].