China's domestic battery pack installation volume in September reaches 576.3 GWh, up 16.7% year-on-year

According to data released by the China Automotive动力电池 Industry Innovation Alliance, as reported by 36Kr, domestic battery pack installations in September totaled 87.2 GWh, a 10.4% increase month-on-month and 14.7% higher year-on-year. Among these, ternary batteries accounted for 12.3 GWh (14.1% of total), up 11.7% month-on-month but down 10.9% year-on-year; lithium iron phosphate batteries reached 74.5 GWh (85.5%), up 10.3% month-on-month and 19.9% year-on-year. From January to September, total domestic battery pack installations amounted to 576.3 GWh, a 16.7% increase year-on-year. Ternary batteries accounted for 97.9 GWh (17.0%), up 7.3% year-on-year, while lithium iron phosphate batteries reached 477.2 GWh (82.8%), up 18.5% year-on-year.