China's NEV storage battery output surges in July
BEIJING, Aug. 16 (Xinhua) -- China's output of storage batteries to power new energy vehicles (NEV) edged up by 6.4 percent year on year in July, rebounding from a 16.2-percent decrease in June, industry data showed.
The output stood at 6.1 gigawatt-hours last month, and the sector's total output in the first seven months of the year plummeted by 39.8 percent to 29.6 gigawatt-hours, according to the China Automotive Battery Innovation Alliance.
In July, the installed capacity of the batteries came in at 5 gigawatt-hours, up 6.8 percent both from the previous month and the same period last year, showed the data.
A total of 45 storage battery companies in the NEV market reported their batteries installed last month, three companies less than in June.
