China’s CATL, BYD Dominate EV Battery Market as Demand Grows, expanding their share of the US and European electric-car battery markets

[beijingwalker]

China’s CATL, BYD Dominate EV Battery Market as Demand Grows, expanding their share of the US and European electric-car battery markets​

• CATL’s sales in Europe almost doubled this year: SNE
• Carmakers seek cheaper batteries to cut electric vehicle costs

October 11, 2023 at 12:30 PM GMT+8

Chinese companies are expanding their share of the US and European electric-car battery markets thanks to lower prices, cementing their domination of the industry globally.

China’s Contemporary Amperex Technology Co. ranked No. 1, with a 37% share of the market worldwide, at the end of August, according to a report from Seoul-based SNE Research. When BYD Co.’s 16% share is included, the two Chinese companies account for more than half the battery market for electric cars, the data showed.

China’s CATL, BYD Dominate EV Battery Market as Demand Grows

Chinese companies are expanding their share of the US and European electric-car battery markets thanks to lower prices, cementing their domination of the industry globally.

www.bloomberg.com

 

[Menthol]

CATL and BYD battery beside of cheaper, on average they are the best.

Yes, there are other better batteries at certain criteria...

Like some have bigger capacity, some have faster charging time, etc.

But all of them have massive drawbacks like super expensive, should not be allowed to be charged up to 100% (big capacity in theory but practically not), easily get burned, etc.

In the end, on average CATL and BYD batteries are the best.