By Li Panpan

(JW Insights) Mar 13 -- China's power battery installed capacity in vehicles reached 21.9GWh in February, up by 60.4% year-on-year and 36.0% month-on-month, said a report from China Automotive Battery Innovation Alliance (CABIA) on March 10.

Installed capacity of ternary and lithium iron phosphate batteries registered 6.7GWh and 15.2GWh, accounting for 30.6% and 69.3% of the total, said the report.

The CABIA report also gave data on power battery production output, export volumes, and ranking of enterprises in February in China.

Thirty-nine Chinese power battery companies installed products in new energy vehicles in the second month of 2023. CATL, BYD, and CALB(中创新航) were the top three ranked by installed capacity, and they accounted for 85.3% of the total installed volume.

China's power battery output totaled 41.5GWh in February, up 30.5% year-on-year and 47.1% month-on-month. The output of ternary and lithium iron phosphate batteries were 14.6GWh and 26.8GWh, accounting for 35.1% and 64.7% of the total, respectively.

In terms of exports, China's power battery enterprises exported a total of 9.4GWh of batteries in February. The export of ternary and lithium iron phosphate batteries were 6.6GWh and 2.8GWh, accounting for 69.6% and 30.1% of the total, said the CABIA report.