From January to July 2023, the sales volume of new energy passenger vehicles of joint venture brands were about 279,000, a 30% increase YoY, accounting for 8% of the total sales of new energy passenger vehicles. The corresponding installed capacity of power batteries was about 16.3GWh, a 38% increase YoY, accounting for 10% of the total installed capacity of new energy passenger vehicles.
Among them, CATL and CALB accounted for 86% of the installed capacity of joint venture brand new energy passenger car batteries. The share of batteries for joint venture models with the lowest prices in the price range of more than 300,000 yuan was basically taken over by CATL and Farasis.
Written by Alex Xie, xiehan@mysteel.com
Edited by Aggie Hu, huchenying@mysteel.com