According to the monthly database of global installed capacity of power batteries released by GGII, the cumulative sales of new energy vehicles worldwide reached 3.938 million units in the first quarter of 2025, a year-on-year increase of 29%, driving the installed capacity of power batteries to about 206.9 GWh, a year-on-year increase of 36%. Among them, the installed capacity of lithium iron phosphate batteries is 106.6GWh, accounting for 51.5% of the global market share. Among the top ten companies, Guoxuan High tech and Honeycomb Energy both achieved year-on-year growth rates of over 70%.