“The data of the battery alliance show that China's battery installation reached 387 gigawatt-hours in 2023, accounting for more than half of the global total. CATL, BYD and CALB were the top three providers.
From January to April, the installed capacity of power batteries reached 120.6 GWh, a year-on-year growth of 32.6 percent.
The alliance predicts that China's NEV industry will continue to grow in 2024, with production expected to reach 10.83 million units, a year-on-year increase of 31.9 percent. Power battery installation is forecast to reach 527 GWh this year, up 35.9 percent year-on-year.”
Fantastic growth underway in China, with over 35% yoy installed capacity growth expected for 2024.
