TECH Chinese battery giant continues dominating global EV battery market

TECH

Chinese battery giant continues dominating global EV battery market

Xinhua

16:55, April 04, 2022

BEIJING, April 4 (Xinhua) -- Chinese battery maker Contemporary Amperex Technology Co., Ltd. (CATL) continued to dominate the global electric vehicle (EV) battery market with its market share expanding in early 2022, data from market research firm SNE Research showed.

Workers check products at Contemporary Amperex Technology Co., Ltd in Ningde, southeast China's Fujian Province, Sept. 11, 2019. (Xinhua/Lin Shanchuan)

In the first two months of the year, CATL provided 18.4 GWh of total EV battery installation worldwide, representing a 34.4 percent market share, said SNE Research.

BYD, a leading Chinese new energy vehicle manufacturer and also an EV battery maker, beat out Japan's Panasonic for third place with a market share of 11.9 percent during the period, the data showed.

The total amount of battery energy for EVs reached 53.5 GWh globally in the first two months of 2022, more than double the figure from the same period last year, SNE Research said.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue