China's installed capacity of power batteries will grow faster in 2024, with CATL ranking first

In 2024, China's installed capacity of power batteries will reach 548.4GWh, a year-on-year increase of 41.4%, an increase of 9.9 percentage points from the 31.6% growth rate in 2023. Among them, the installed capacity of ternary batteries is 139.0GWh, a year-on-year increase of 10.1%, and the installed capacity of iron-lithium batteries is 409.0GWh, a year-on-year increase of 56.7%. In terms of market competition, CATL, BYD and Sinotruk still occupy the top three positions, but their market share has dropped by 2.7 percentage points.