Recently, the China Automotive Power Battery Industry Innovation Alliance (hereinafter referred to as the "Battery Alliance") released the monthly data of power batteries in March this year.
Data show that in March, the mainland power battery loading volume still showed a rapid growth trend, from the enterprise level, Ningde era power battery loading volume accounted for 50%, BYD won nearly 20% of the share.
Overall, the loading volume of continental power batteries reached 21.4GWh in March, up 138% year-on-year and 56.6% month-on-month. This is roughly in line with the overall sales of new energy vehicles in March. According to the China Automobile Association, sales of new energy vehicles in March were 484,000 units, an increase of 1.1 times year-on-year.
In terms of categories, in March, the total load of ternary batteries was 8.2GWh, accounting for 38.3% of the total installed vehicles, up 61.2% year-on-year and 40.5% month-on-month; lithium iron phosphate batteries were loaded in a total of 13.2GWh, accounting for 61.6% of the total installed vehicles, up 238.8% year-on-year, and up 69.4% month-on-month. It can be seen that compared with ternary batteries, the growth rate of lithium iron phosphate battery loading is significantly higher.
At the enterprise level, a total of 39 power battery companies in the mainland new energy vehicle market achieved loading support in March, a decrease of 4 compared with the same period last year. The top 3, top 5 and top 10 power battery companies have installed power batteries of 16.8GWh, 18.5GWh and 20.4GWh respectively, accounting for 78.3%, 86.4% and 95.4% of the total installed vehicles, respectively.
In March, the highest domestic power battery loading volume was the Ningde era, with a loading volume of 10.81GWh, accounting for 50.49%, which can still be described as carrying half of the domestic power battery with its own strength.
On the other hand, among the top ten companies in terms of loading volume, the loading volume of one of the Ningde era exceeds the sum of the other 9. It can be seen that although the performance of second-tier battery companies in the past two years has improved and is accelerating, the leading position of the Ningde era in the domestic power battery supply market in the short term is still difficult to shake.
Outside the Ningde era, BYD's position is also very stable, and it still ranks second this time. Specifically, BYD's power battery loading volume in March was 4.12GWh, accounting for 19.24%. According to previous data, BYD's power battery loading volume accounted for 21.24% in February this year, and 20.93% in January. In the whole of last year, BYD's power battery loading volume accounted for 16.2%. It can be seen that BYD's market share has reached a new height in 2022.
Of course, unlike the Ningde era, BYD's power batteries are mostly used by their own brands.
In March this year, BYD announced that it would stop production of fuel vehicles and fully invest in new energy vehicles. In fact, BYD's fuel vehicle sales have been zero in the month, while sales of new energy vehicles reached 104,878 units, an increase of 157% year-on-year and a 15% increase from the previous month. This is also the main reason why BYD's power battery installed capacity can rank second.
In addition to the above three enterprises, Guoxuan Hi-Tech, LG New Energy, Hive Energy, Yiwei Lithium Energy, Fu Energy Technology, Sunwoda, and Ruipu Energy also accounted for 4.34%, 3.71%, 2.37%, 2.2%, 1.86%, 1.62%, and 1.04% of the top ten domestic power battery companies in March.
Xiaoxiang Morning News reporter Hu Xiong