What to Know About china battery installations rise 32% in June, LFP share hits record 83.3%
China’s power battery installations reached 76.5 GWh in June, up 31.5% year-on-year, the fastest growth so far this year.
China’s power battery installations reached 76.5 GWh in June, up 31.5% year-on-year, the fastest growth so far this year.
CATL and Europe’s Alfen plan to deploy 5 GWh of sodium-ion battery energy storage systems in Western Europe starting in 2027.
CATL remained China’s largest power battery maker in June, though its market share fell 3.43 percentage points from May.
Lithium-ion batteries will be subject to a 2% consumption tax from September 1, 2026, with the rate rising to 4% from September 2027.
Aion S vehicles equipped with CALB’s 177-Ah LFP battery cells have seen a surge of complaints over swelling, leakage, and other faults.
Automakers that produce batteries in-house can avoid or deduct the consumption tax, while those buying externally will bear extra costs, Cui said.
The agreement marks CATL’s second sodium-ion energy storage order in Europe this month.
CATL’s net profit attributable to shareholders in the first half was 43.28 billion yuan ($6.37 billion), with a gross margin of 23.93%.
FAW Hongqi said the battery needs just 8 minutes and 3 seconds to go from 10% to 97%.
Global ESS shipments rose 71% year-on-year to 461.3 GWh in the first half, with China’s share falling to 43.9% from 50.5 percent.