China's power battery output surges in 2022

BEIJING -- China's installed capacity of power batteries logged steady growth in 2022 amid a boom in the country's new energy vehicle market, industry data shows.

The installed capacity of power batteries for NEVs totaled 294.6 gigawatt hours last year, surging 90.7 percent year-on-year, according to the China Automotive Battery Innovation Alliance.

About 183.8 gigawatt hours of lithium-ion batteries were installed in NEVs in 2022, up 130.2 percent from a year earlier and accounting for 62.4 percent of the total.

In December alone, the installed capacity of power batteries increased 37.9 percent year-on-year to hit 36.1 gigawatt hours, data shows.

China sold about 6.89 million NEVs in 2022, skyrocketing 93.4 percent year-on-year. NEV production soared 96.9 percent from a year earlier to about 7.06 million units, data from the China Association of Automobile Manufacturers shows.

Auto sales rose 2.1 percent year-on-year in 2022 to hit 26.86 million units in the world's largest automobile market, the association said.