Core Insights - The Chinese automotive power battery industry is experiencing significant growth in both production and sales, with July 2023 showing a production increase of 3.6% month-on-month and 44.3% year-on-year [1] - Cumulative production from January to July 2023 reached 831.1 GWh, reflecting a year-on-year growth of 57.5% [1] - In terms of sales, July 2023 saw a decrease of 3.2% month-on-month but an increase of 47.8% year-on-year, with cumulative sales for the first seven months totaling 786.2 GWh, up 60.6% year-on-year [1] Production Summary - In July 2023, the total production of power and other batteries in China was 133.8 GWh [1] - The month-on-month production growth was recorded at 3.6% [1] - Year-on-year production growth for July was noted at 44.3% [1] Sales Summary - The total sales of power and other batteries in July 2023 amounted to 127.2 GWh [1] - Month-on-month sales experienced a decline of 3.2% [1] - Year-on-year sales growth for July was reported at 47.8% [1] - Cumulative sales from January to July 2023 reached 786.2 GWh, with a year-on-year increase of 60.6% [1]

Core Insights - In April, China's total production of power and other batteries reached 118.2 GWh, showing a slight month-on-month decrease of 0.03% but a year-on-year increase of 49.0% [1] - From January to April, the cumulative production of power and other batteries in China was 444.6 GWh, reflecting a significant year-on-year growth of 67.1% [1] Production and Sales Data - In April, the total sales of power and other batteries amounted to 118.1 GWh, marking a month-on-month increase of 2.3% and a year-on-year increase of 73.5% [1] - Power battery sales were 86.6 GWh, accounting for 73.4% of total sales, with a month-on-month decrease of 1.0% but a year-on-year increase of 72.8% [1] - Other battery sales reached 31.5 GWh, representing 26.6% of total sales, with a month-on-month increase of 12.5% and a year-on-year increase of 75.5% [1] Cumulative Sales Performance - From January to April, the cumulative sales of power and other batteries in China totaled 403.9 GWh, with a year-on-year growth of 73.7% [1] - Cumulative sales of power batteries were 303.9 GWh, making up 75.2% of total sales, with a year-on-year increase of 56.8% [1] - Cumulative sales of other batteries reached 100.0 GWh, accounting for 24.8% of total sales, with a remarkable year-on-year growth of 157.8% [1]