On May 11th, the China Automotive Power Battery Industry Alliance released the monthly data for power batteries in April 2023. The data shows that in April this year, China’s power battery production totalled 47.0 GWh, a year-on-year increase of 38.7%; from January to April, China’s cumulative power battery production was 176.9GWh, a cumulative year-on-year increase of 28.7%. In terms of installed capacity, China’s power battery installed capacity in April was 25.1 GWh, a year-on-year increase of 89.4%; from January to April, China’s cumulative power battery installed capacity was 91.0 GWh, a cumulative year-on-year increase of 41.0%.

Regarding specific companies, in April 2023, CATL’s power battery installed capacity was 10.26 GWh, accounting for a high proportion of 40.83%, ranking first. Following closely behind was BYD, with a power battery installed capacity of 7.32 GWh in April, accounting for 29.11%.

At the same time, CALB, EVE, Gotion, Sunwoda, LG New Energy, SVolt, Farasis, and REPT also made it into the top ten list.

 From January to April this year, CATL’s power battery installed capacity was 39.51 GWh, accounting for a high proportion of 43.43%, ranking first. BYD’s power battery installed capacity this year was 27.73 GWh, accounting for a high proportion of 30.47% and ranking second.

 Additionally, in April this year, 36 power battery companies supported the installation of new energy vehicles in China, an increase of 2 compared to the same period last year. Overall, 42 power battery companies supported new energy vehicle installations in China from January to April this year, consistent with the same period last year. The top 10 power battery companies had a combined installed capacity of 89.1 GWh, accounting for 98.0% of the total installed capacity.  

By Kayla Li