China Auto Manufacturers_ Weekly Battery — LFP cell costs remains up; Nov-24E installation at +1.7% MoM
2024-11-18 03:33
15 Nov 2024 05:19:14 ET │ 9 pages China Auto Manufacturers Weekly Battery — LFP cell costs remains up; Nov-24E installation at +1.7% MoM Nov-24E installation at +1.7% MoM — We estimate Nov full month China NEV-PV battery installation at 52.9GWh (+1.7% MoM/+31.2% YoY), factoring Nov-24E China NEV PV retail sales at1.21mn units (+1% MoM). BYD MTD installation underperformed — In MTD-Nov, BYD lost -4.2ppt market share MoM, with slower MTD installation growth of +5% MoM (vs. sector's +22%); while CATL gained 1. ...