In February 2025, China’s power battery industry demonstrated remarkable growth across various metrics, underscoring the sector’s robust development and the increasing demand for energy storage solutions.
Production and Sales Overview
The combined production of power and other batteries in February reached 100.3 GWh, marking a substantial year-on-year (YoY) increase of 128.2%, despite a slight month-on-month (MoM) decline of 7.0%. Cumulatively, for the first two months of 2025, production totaled 208.1 GWh, reflecting an 89.2% YoY growth.
Sales figures were equally impressive, with February’s total battery sales hitting 90.0 GWh, a 140.7% increase compared to the same period last year and a 12.0% rise from the previous month. Specifically, power battery sales accounted for 66.9 GWh, representing 74.3% of total sales, and exhibited a 98.8% YoY growth and a 6.4% MoM increase. Other battery sales stood at 23.1 GWh, making up 25.7% of total sales, with a significant MoM growth of 32.2% and a notable YoY surge.
Over the January-February period, cumulative battery sales reached 170.4 GWh, an 80.3% increase from the previous year. Power batteries contributed 129.8 GWh (76.2% of total sales), showing a 54.3% YoY growth, while other batteries totaled 40.6 GWh (23.8% of total sales), with a remarkable 291.1% YoY increase.
Export Performance
China’s battery exports also saw significant growth. In February, the combined export volume of power and other batteries was 21.1 GWh, up 144.7% YoY and 21.0% MoM, accounting for 23.5% of the month’s total sales. Power battery exports were 12.8 GWh (60.6% of total exports), reflecting a 51.4% YoY increase and a 15.2% MoM rise. Other battery exports amounted to 8.3 GWh (39.4% of total exports), with a 31.1% MoM growth and a substantial YoY surge.
For the first two months of 2025, cumulative battery exports reached 38.6 GWh, a 102.2% YoY increase, representing 22.6% of total sales during this period. Power battery exports totaled 23.9 GWh (62.0% of total exports), showing a 28.3% YoY growth, while other battery exports were 14.7 GWh (38.0% of total exports), with a significant YoY increase.
Installation Statistics
In February, the installation volume of power batteries in China was 34.9 GWh, marking a 94.1% YoY increase despite a 10.1% MoM decline. Notably, lithium iron phosphate (LFP) batteries dominated the installations, with 28.4 GWh installed, accounting for 81.5% of the total and exhibiting a 158.0% YoY growth, though there was a 6.0% MoM decrease. Ternary batteries had an installation volume of 6.4 GWh, making up 18.5% of the total, with a 7.2% YoY decrease and a 24.6% MoM decline.
Cumulatively, from January to February, the total installation volume of power batteries reached 73.6 GWh, reflecting a 46.5% YoY growth. LFP batteries constituted 58.6 GWh (79.6% of total installations), with a 199.9% YoY increase, while ternary batteries accounted for 15.0 GWh (20.4% of total installations), experiencing a 23.3% YoY decline.
Market Trends and Future Outlook
The robust growth in production, sales, exports, and installations indicates a thriving power battery industry in China. This surge is largely driven by the escalating demand for electric vehicles (EVs) and renewable energy storage solutions. The significant preference for lithium iron phosphate batteries suggests a market shift towards cost-effective and safer energy storage options.
Industry analysts anticipate that this growth trajectory will continue, propelled by supportive government policies, technological advancements, and the global transition towards sustainable energy solutions. As the demand for EVs and renewable energy storage systems rises, China’s power battery industry is expected to maintain its upward momentum, solidifying its position as a global leader in the energy sector.
