Industry Overview - In the first half of 2025, the global installed capacity of power batteries reached 504.4 GWh, representing a year-on-year increase of 37.3%. In June 2025, the global installed capacity was 103.1 GWh, up 32.9% year-on-year and 11.1% quarter-on-quarter. In Q2 2025, the global installed capacity was 282.6 GWh, showing a year-on-year growth of 36.1% and a quarter-on-quarter increase of 27.4% [1]. Chinese Companies - In the first half of 2025, Chinese companies (including CATL, BYD, AVIC, Guoxuan, EVE, and Honeycomb) collectively installed 347.0 GWh, marking a year-on-year increase of 46.4% and accounting for approximately 68.8% of the global market share, an increase of 4.3 percentage points year-on-year. Among them, CATL's installed capacity from January to June was 190.9 GWh, with a year-on-year growth of 37.9%, holding a global market share of 37.9%, an increase of 0.2 percentage points year-on-year [1]. Japanese and Korean Companies - In the first half of 2025, Japanese and Korean companies (including LG Energy Solution, Samsung SDI, SK On, and Panasonic) collectively installed 101.6 GWh, reflecting a year-on-year increase of 5.0% and a total market share of 20.1%, a decrease of 6.2 percentage points year-on-year. Specifically, LG Energy Solution's installed capacity from January to June was 47.2 GWh, with a year-on-year growth of 4.4%, holding a global market share of 9.4%, a decrease of 2.9 percentage points year-on-year [1].