Global EV battery installations reached 608.5GWh in H1 2026, up 22.3% YoY. Chinese companies' market share broke through 70% for the first time, with CATL, BYD, and CALB combining for 65.2%. Korean firms fell to 22.1%, Japanese firms to just 4.3%. Solid-state and sodium-ion batteries are accelerating toward commercialization.
23919 hours ago
China's Ministry of Finance announced a 2% consumption tax on mature lithium battery products effective September 1, 2026. The policy will directly impact power battery costs and ripple through NEV pricing.
43013 days ago
On July 16, 2026, China's Ministry of Finance, Customs, and Taxation jointly announced that lithium battery consumption tax will be restored from September 1, 2026, ending the 11-year battery tax exemption. The first-year rate is 2%, rising to 4% from September 2027. Industry estimates suggest pure EV manufacturing costs will increase by RMB 396–1,200 per vehicle. This is seen as a key signal of NEV tax incentives gradually phasing out and aligning with ICE vehicle taxation.
62019 days ago
On July 15, 2026, NBS Deputy Director Mao Shengyong stated at a State Council press conference that H1 NEV retail penetration exceeded 60% for three consecutive months, driving lithium-ion battery output up 39.3%, with new growth drivers contributing over 40% of economic growth.
57122 days ago
China's National Bureau of Statistics released June 2026 industrial value-added data. Auto manufacturing grew 8.7% YoY, NEV output reached 1.624 million units (+29.4% YoY), and H1 NEV retail penetration exceeded 60% for three consecutive months.
39222 days ago
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