Despite the YTD numbers being healthy, the past three months bring decline. Let's take a look at the details, provided by the Moneyball.
Top Chinese EV battery manufacturers by deployed capacity (January-October):
- CATL - 23.58 GWh (up 65%)
- BYD - 9.23 GWh (up 12%)
- Guoxuan - 2.37 GWh (up 43%)
- Lishen - 1.27 GWh (down 1%)
- CALB - 1.12 GWh (up 307%)
- EVE - 1.04 GWh (up 41%)
- Farasis - 0.73 GWh (down 51%)
- CENAT - 0.60 GWh (up 74%)
- Great Power - 0.60 GWh (up 60%)
- BAK - 0.56 GWh (down 47%)
Over ten months of 2019, some 46.38 GWh of batteries were deployed in New Energy Vehicles, which is 38% more than a year ago:
- Passenger cars - 33.61 GWh (up 55%)
- Buses - 9.39 GWh (down 8%)
- SPV (other) - 3.39 GWh (up 19%)
Sadly, October was the third month of a year-over-year decline of battery deployment (4.07 GWh, down 31%), highly-related to an electric vehicle sales drop.
If nothing changes, the growth of 2019 will be mostly wasted.