Analysis of Data and Market Landscape of the Power and Energy Storage Battery Industry in 2025

● In 2025, the cumulative production of power and energy storage batteries reached 1755.6 GWh, representing a year-on-year increase of 60.1%.

● Sales of power and energy storage batteries reached 1700.5 GWh, representing a year-on-year increase of 63.6%.

◎ Cumulative sales of power batteries reached 1200.9 GWh, accounting for 70.6% of total sales, representing a year-on-year increase of 51.8%.

◎ Cumulative sales of energy storage batteries reached 499.6 GWh, accounting for 29.4% of total sales, representing a year-on-year increase of 101.3%.

● Cumulative exports of power and energy storage batteries reached 305.0 GWh, a year-on-year increase of 50.7%.

◎ Cumulative exports of power batteries reached 189.7 GWh, a year-on-year increase of 41.9%;

◎ Cumulative exports of energy storage batteries reached 115.3 GWh, a year-on-year increase of 67.9%.

● Domestic power battery installations reached 769.7 GWh, a year-on-year increase of 40.4%.

◎ Ternary lithium batteries accounted for 144.1 GWh, representing 18.7% of total installations, a year-on-year increase of 3.7%.

◎ Lithium iron phosphate batteries accounted for 625.3 GWh, representing 81.2% of total installations, a year-on-year increase of 52.9%.

● Total production of power and energy storage batteries in December reached 201.7 GWh, a 14.4% increase month-over-month and a 62.1% increase year-over-year.

● Sales of power and energy storage batteries in December reached 199.3 GWh, an 11.1% increase month-over-month and a 57.5% increase year-over-year.

◎ Power battery sales reached 143.8 GWh, a 7.3% increase month-over-month and a 49.2% increase year-over-year.

◎ Energy storage battery sales reached 55.6 GWh, a 22.4% increase month-over-month and an 84.0% increase year-over-year.

● Total exports of power and energy storage batteries reached 32.6 GWh, a 1.3% increase month-over-month and a 49.2% increase year-over-year, accounting for 16.4% of total sales in December.

◎ Power battery exports totaled 19.0 GWh, accounting for 58.4% of total exports, a decrease of 10.4% month-on-month and an increase of 47.1% year-on-year;

◎ Energy storage battery exports totaled 13.6 GWh, accounting for 41.6% of total exports, an increase of 23.9% month-on-month and an increase of 52.2% year-on-year.

● Domestic power battery installations reached 98.1 GWh, a 4.9% increase month-on-month and a 35.1% increase year-on-year.

◎ Ternary lithium batteries accounted for 18.2 GWh, representing 18.6% of total installations, a 0.2% increase month-on-month and a 40.5% increase year-on-year.

◎ Lithium iron phosphate batteries accounted for 79.8 GWh, representing 81.3% of total installations, a 5.9% increase month-on-month and a 33.7% increase year-on-year.

Looking at the details, the proportion of passenger vehicles in December reached a new low, with domestic power battery installations reaching 98.1 GWh, a month-on-month increase of 4.9% and a year-on-year increase of 35.1%.

● However, regarding power battery installations for passenger vehicles from October to December (unit: GWh):

◎ The installation volume of pure electric passenger vehicles was 51.30 GWh in October, rose slightly to 54.98 GWh in November, and fell back to 49.1 GWh in December;

◎ The installation volume of plug-in hybrid passenger vehicles was 16.74 GWh in October, increased to 18.05 GWh in November, and then decreased to 15.7 GWh in December.

● The main driver of installations was commercial vehicles:

◎ Installations of pure electric trucks reached 13.46 GWh in October, rising to 16.74 GWh in November, and then surging to 27.0 GWh in December;

◎ Installations of pure electric buses reached 1.26 GWh in October, rising to 1.87 GWh in November, and continuing to rise to 2.1 GWh in December;

◎ Installations of pure electric special-purpose vehicles reached 1.09 GWh in October, rising to 1.40 GWh in November, and then surging to 3.4 GWh in December.

In terms of total installed capacity and technology roadmap:

◎ CATL continues to maintain its absolute lead with 333.57 GWh, with lithium iron phosphate (LFP) batteries accounting for a significantly higher proportion than ternary lithium batteries. Passenger vehicles remain the primary application scenario, but commercial vehicles also account for nearly 80 GWh.

◎ BYD adopts the LFP route, with a total installed capacity of 165.77 GWh, with passenger vehicles dominating.

◎ Zhongchuang Innovation, Guoxuan High-Tech, and EVE Energy are in the second tier, all primarily using LFP batteries, but EVE Energy has a significantly higher proportion in the commercial vehicle sector.

◎ Sunwoda and Zhengli New Energy focus on passenger vehicles as their core market, with less involvement in commercial vehicles.

◎ SVOLT Energy has a relatively balanced structure of ternary and LFP batteries, mainly concentrated in the passenger vehicle market.

◎ LG Chem almost exclusively uses ternary lithium batteries, and all of them are used in passenger vehicles.

In terms of installed capacity of power batteries for passenger vehicles, CATL and BYD still have very large volumes.

◎ CATL’s total installed capacity for pure electric and plug-in hybrid vehicles reaches 253.83 GWh, while BYD’s is 149.65 GWh.

◎ In the second tier, companies like Zhongchuang Innovation Aviation, Guoxuan High-Tech, and Sunwoda have capacities between 20 and 40 GWh, primarily focusing on the pure electric vehicle market.

◎ LG Energy and EVE Energy’s installed capacity is concentrated in the pure electric vehicle sector, with a relatively low proportion in plug-in hybrids.

◎ SVOLT Energy’s plug-in hybrid installed capacity (13.49 GWh) is higher than its pure electric capacity (7.03 GWh).