CATL's August LFP battery market share hits annual low

Asked whether $Contemporary Amperex Technology (300750.SZ)$ 's lithium plant in Yichun had halted production, industry insiders replied, "Yes, it has."

In August, CATL achieved 20.98 GWh in power battery installations, ranking first in China’s power battery market with a 44.46% market share, down 2.84 percentage points from the previous month. BYD followed in second place with 11.78 GWh of installed capacity, holding a 24.96% market share. The gap between $BYD Company Limited (002594.SZ)$ and CATL narrowed by 4.97 percentage points compared to last month.

UBS expects CATL’s suspension of its lithium operations in Jiangxi province to reduce China’s monthly lithium carbonate output by 8%. Lithium prices in China are expected to have bottomed out and could rise 11%-23% before the end of the year, with support around $8,600/ton (approximately 61,183 yuan/ton).