I am not sure wether this only includes batteries installed in...

I am not sure wether this only includes batteries installed in NEVs sold in China or "made in China NEVs" in general, but in any case it is normal that the number is below the battery production number, because Chinese battery makers also export batteries, there is a general growth trend and also seasonality effect which makes it logical to produce more batteries in November including for inventory restocking.



"In January-November, China's power battery exports stood at 113.5 GWh.

China's total production of power and energy storage batteries in November was 87.7 GWh, up 38.33 percent year-on-year and up 13.45 percent from October.

In January-November, China's total production of power and energy storage batteries was 661.3 GWh, up 35.18 percent year-on-year."

more charts in the article: China's EV battery installations in Nov: CATL's share rises to 43.91%, BYD drops to 22.73% - CnEVPost