China's power battery industry will see full growth in 2024

In 2024, China's power battery industry showed an overall growth trend, with production reaching 117.8GWh in November, a month-on-month increase of 4.2% and a year-on-year increase of 33.3%. In terms of sales, sales in November were 118.3GWh, a month-on-month increase of 7.2% and a year-on-year increase of 40.1%. Among them, power battery sales accounted for the largest proportion, reaching 74.2%, with sales of 87.8GWh, a month-on-month increase of 10.9% and a year-on-year increase of 29.7%. Other battery sales were 30.5GWh, accounting for 25.8%, a month-on-month decrease of 2.2% and a year-on-year increase of 82.3%.