China Releases Power and Energy Storage Battery Production, Sales, and Export Data for March 2026

In March 2026, China’s combined production of power and energy storage batteries reached 177.7 GWh, up 25.5% month-over-month (MoM) and 50.2% year-over-year (YoY). Total production for January–March amounted to 487.4 GWh, an increase of 49.3% YoY. Combined sales of power and energy storage batteries in March totaled 175.1 GWh, rising 54.7% MoM and 51.6% YoY. Of this, power battery sales reached 114.7 GWh, accounting for 65.5% of total sales, up 53.9% MoM and 31.1% YoY; energy storage battery sales totaled 60.4 GWh, representing 34.5% of total sales, up 56.2% MoM and 115.9% YoY. Cumulative sales for Q1 reached 437.1 GWh, up 52.9% YoY. Power battery sales accounted for 291.9 GWh (66.8% of the total), growing 34.3% YoY, while energy storage battery sales totaled 145.1 GWh (33.2% of the total), surging 111.8% YoY. In March, combined exports of power and energy storage batteries reached 36.1 GWh, up 51.0% MoM and 57.1% YoY, accounting for 20.6% of monthly sales. Power battery exports totaled 22.3 GWh (61.7% of total exports), up 31.9% MoM and 60.2% YoY; energy storage battery exports reached 13.8 GWh (38.3% of total exports), soaring 96.9% MoM and rising 52.4% YoY. Cumulative exports for Q1 totaled 84.1 GWh, up 36.7% YoY, representing 19.3% of cumulative sales. Power battery exports accounted for 56.8 GWh (67.6% of total exports), up 50.3% YoY; energy storage battery exports totaled 27.3 GWh (32.4% of total exports), increasing 15.0% YoY. Domestic power battery installations in March reached 56.5 GWh, up 114.9% MoM but down 0.1% YoY. Among these, ternary battery installations totaled 10.7 GWh (19.0% of total installations), up 88.1% MoM and 7.3% YoY; lithium iron phosphate (LFP) battery installations reached 45.8 GWh (81.0% of total installations), up 122.3% MoM but down 1.7% YoY. Cumulative installations for Q1 totaled 124.9 GWh, down 4.1% YoY. Ternary battery installations accounted for 25.8 GWh (20.7% of the total), up 3.3% YoY; LFP battery installations totaled 99.0 GWh (79.3% of the total), down 5.9% YoY.