Cui Dongshu, chairman of the Passenger Link Branch, published an article analyzing the NEV lithium battery market: In September, China's total output of power and other batteries was 237 GWh, up 57% year on year; in January-September, China's total output of power and other batteries was 1,833 GWh, up 63% year on year. The battery growth rate gradually declined from more than 60% this year. Due to sluggish demand for power batteries and export tax rebate adjustments, battery demand gradually decelerated. In September 2026, 87 GWh of lithium batteries were loaded, an increase of 15% over the previous year. From January to September 2026, 576 GWh of lithium batteries were loaded, an increase of 17% over the previous year. In 2025, the proportion of power battery production loaded vehicles dropped to 44%. In September 2026, the proportion of power battery production loaded was 37%, of which the ternary battery loading rate was 35% and lithium iron phosphate loading rate was 37%. In September 2026, the domestic market for lithium battery vehicles loaded 1.26 million units, down 12% year on year, including 810,000 pure electric passenger cars, down 6% year on year; 350,000 plug-in passenger cars, down 29% year on year; and 82,000 pure electric trucks increased 22%. This production data is seriously fragmented. The proportion of models with a battery energy density above 160 in the 3rd quarter of 2026 was 9%. Compared with 7% in the same period in 2025, there was a clear recovery. This is mainly due to a recovery in high-end demand for three yuan. Meanwhile, products with an energy density below 125 will drop to 0% in 2026.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.