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China Automotive Power Battery Industry Innovation Alliance: The total export of power and other batteries in China in October was 1.99GWh, up 38.6% YoY

Market IntelMonday, Nov 11, 2024 1:50 am ET
1min read

Securities Times News, the China Automotive Power Battery Industry Innovation Alliance released the monthly information of power batteries in October 2024 on November 11. In October, the total export of power batteries and other batteries in China was 1.99GWh, down 1.6% month-on-month and up 38.6% year-on-year. The total export accounted for 18.0% of the sales in the month. Among them, the export of power batteries was 1.08GWh, accounting for 54.6% of the total export, down 7.8% month-on-month and down 3.8% year-on-year; the export of other batteries was 0.9GWh, accounting for 45.4% of the total export, up 7.0% month-on-month and up 194.0% year-on-year. From January to October, the cumulative export of power batteries and other batteries in China reached 14.6GWh, up 26.5% year-on-year. The cumulative total export accounted for 18.3% of the cumulative sales in the first 10 months. Among them, the cumulative export of power batteries was 103.3GWh, accounting for 70.8% of the total export, up 2.7% year-on-year; the cumulative export of other batteries was 42.6GWh, accounting for 29.2% of the total export, up 189.5% year-on-year.

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CertifiedWwDuby
11/11
The fact that exports only accounted for 18.0-18.3% of sales in both October and the first 10 months raises questions about the domestic market demand. Not the most impressive metric, if you ask me...
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neurologique
11/11
As an investor in the auto tech sector, the 26.5% YoY growth in cumulative exports is promising. Keeping an eye on how this sector evolves in the next quarter.
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that_is_curious
11/11
Well, looks like someone's getting a head start on their new year's resolutions... 'Export more power batteries than last year!' Guess you could say they're'shocking' the competition
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JSOAN321
11/11
Interesting to see the disparity between power batteries and other batteries. What's driving the 194% YoY growth in 'other batteries'? Anyone have insights?
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Sugamaballz69
11/11
Numbers don't lie - exports are up, but let's see how this translates to actual market share and revenue. Not getting ahead of myself here...
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josemartinlopez
11/11
Loving the YoY growth! 38.6% increase is no joke. Chinese auto battery industry is on FIRE!
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