Exhibit: monthly production of cathode material and battery
Exhibit: The monthly fluctuation of output of material and battery
Reviewing back the output of cathode materials since December of last year at that time China officially decided to reopen completely. The whole industry pressed a pause for weeks. As the bar chart shows, the battery output of electrical vehicles both tumbled by almost 50% in January.
But it recovered immediately after New Year holiday. The monthly increase even exceeded the previous decline.
The resilience of LFP battery in China is much better than NCM as the line chart shows, because that the largest producer of EVs in China remained BYD, which mainly produce LFP battery. So far of this year, 45% and 36% of the LFP battery output in China were contributed from BYD and CATL separately.
Oppositely, 60% of NCM battery output from CATL.
However, the output of batteries and materials have not recovered to the peak point ahead of the reopen.
As the line chart shows, the monthly….
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