CATL remained China's largest power battery maker in May, though its share edged down 0.51 percentage points from April.
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CATL remained China's largest power battery maker in May, though its share edged down 0.51 percentage points from April.
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China's EV battery installations reached 71.9 GWh in May, with LFP batteries taking an 81.2% market share.
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Seven Chinese companies rank among the top 10, commanding a combined 72.2% share of the global EV battery market.
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Power battery installations stood at 62.4 GWh in April, with LFP batteries capturing an 81.5% share.
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China's battery sales grew significantly in March as energy storage battery sales doubled.
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CATL and BYD held a combined 55.5% of the global market in Jan-Feb, down from 59.0% in January.
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China's February power battery installations dropped 24.6% year-on-year to 26.3 GWh, impacted by the timing of the Chinese New Year holiday.
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The combined EV battery installation volume of CATL and BYD in January was 42.4 GWh, accounting for 59.0% of the global total.
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LFP batteries maintained their dominant position, accounting for 32.7 GWh of installations in January — 77.7% of the total.
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