China's cumulative installed capacity of power batteries increased by 34.6% year-on-year from January to May

According to data from the China Automotive Power Battery Industry Innovation Alliance, from January to May this year, China's cumulative installed capacity of power batteries was 160.5GWh, a year-on-year increase of 34.6%. Among them, the installed capacity of ternary batteries and lithium iron phosphate batteries was 51.1GWh and 109.3GWh respectively.