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August LFP Share Tops 82%; Energy Storage Exports Jump 134% YoY

August LFP Share Tops 82%; Energy Storage Exports Jump 134% YoY

China Automotive Battery Innovation Alliance released data for August 2026: combined output of power and energy storage batteries was 237.0GWh, up 69.8% year on year; sales were 223.1GWh, up 65.9% year on year. Energy storage battery sales were 76.3GWh, up 114.3% year on year, and exports were 17.7GWh, up 134.2% year on year. LFP accounted for 82.4% of production and 85.6% of installations, continuing to dominate. CATL and BYD led the installation landscape, while the LFP route continued to benefit from dual growth in energy storage and exports.

5037 hours ago
CATL and Alfen Sign 5 GWh Sodium-Ion Energy Storage Deal: European Commercial Deployment Begins

CATL and Alfen Sign 5 GWh Sodium-Ion Energy Storage Deal: European Commercial Deployment Begins

On July 16, CATL signed an MoU with Alfen N.V., a leading European renewable energy integrator, to deploy 5 GWh of CATL's Tianheng sodium-ion energy storage systems across the Netherlands and Western Europe from 2027. The system is designed for a 25-year lifespan with nearly 2% RTE improvement and is compatible with LFP technology, providing a zero-carbon diversification option for Europe's energy transition.

59859 days ago
Lithium Battery Consumption Tax Restored in Sept 2026: EV Costs Set to Rise

Lithium Battery Consumption Tax Restored in Sept 2026: EV Costs Set to Rise

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.

88160 days ago