China’s installed drive battery capacity increases 40.9% y/y in April
On May 11, the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA) released monthly drive battery data for April 2024.
In April, the total installed drive battery capacity in China was 35.4GWh, registering a year-over-year (y/y) increase of 40.9%. Specifically, capacities of ternary batteries for ve