China’s output of batteries for new energy vehicles (NEVs) ramped up by an impressive 206.9% in the first quarter from the same period in 2021, Xinhua has reported, citing industry data.
It said 62.4 GWh of lithium iron phosphate batteries and 38 GWh of ternary lithium batteries were produced in the first three months of 2022, according to data from the China Automotive Battery Innovation Alliance. About half that amount (51 GWh) were installed in electric vehicles and retail sales of NEVs grew by 137% to 445,000 units in March, according to the China Passenger Car Association, it said.
Read the full report: Xinhua.
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