Total Market Overview - In the first half of 2025, global power battery installation reached 503 GWh, a year-on-year increase of 37.8% The projected annual installation volumes for 2025, 2026, and 2027 are 1154 GWh, 1418 GWh, and 1708 GWh, respectively, with year-on-year growth rates of 28.5%, 22.8%, and 20.5% [1] Regional Breakdown - In the first half of 2025, power battery installations in China, Europe, North America, and other regions were 295 GWh, 106 GWh, 65 GWh, and 37 GWh, respectively, with year-on-year growth rates of 36.6%, 31.5%, 7.5%, and 48.8% Emerging markets like Vietnam, Indonesia, and the Philippines showed higher growth rates It is expected that the total annual installations for 2025 will be 704 GWh in China, 223 GWh in Europe, 144 GWh in North America, and 82 GWh in other regions, with year-on-year growth rates of 32.1%, 28.9%, 8.27%, and 39.0% [1] Battery Capacity per Vehicle - In the BEV market for the first half of 2025, the average battery capacity per vehicle in North America, Europe, and China was 89.2 KWh, 70.5 KWh, and 62.9 KWh, respectively, showing increases of 4.6 KWh, -0.1 KWh, and 1.8 KWh compared to the average values in 2024 [3] - In the PHEV market, the average battery capacity per vehicle in China was 26.0 KWh, an increase of 1.8 KWh compared to the 2024 average, while North America and Europe had lower capacities than China [3] Market Share Analysis - In the Chinese market, CATL's market share for the first and second quarters of 2025 was 45.0% and 42.7%, respectively, compared to 46.6%, 44.3%, and 45.4% in the previous years [3] - In the European market, CATL's market share increased from 29.0% in 2022 to 44.0% in the second quarter of 2025 [3] - In North America, the top three companies in the second quarter of 2025 were Panasonic, LGES, and SDI, with CATL ranking fourth [3] - In Asia and other markets, BYD, CATL, and LGES ranked first, second, and third in the second quarter of 2025, with market shares of 27.4%, 22.3%, and 15.8%, respectively [3]
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