Energy Insider: Battery Production Triples on EV Boom
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In today’s Caixin energy news wrap: China’s power pricing system overhaul makes progress; auto exports surge amid post-pandemic recovery; CATL to invest $5 billion building battery industrial park.
Battery production triples in first three quarters amid EV boom
China’s production of batteries for electric vehicles rose 195% to 134.7 gigawatt-hours (GWh) in January-September, with 62.8 GWh from ternary batteries and 71.6 GWh from lithium ion phosphate batteries. The top 10 producers accounted for 91.7% of the market, while the three leading producers took 73%.
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