China’s CATL Extends Lead as World’s Top EV Battery Maker, BYD overtakes South Korea’s LG Energy Solution for second spot

[beijingwalker]

China’s CATL Extends Lead as World’s Top EV Battery Maker, BYD overtakes South Korea’s LG Energy Solution for second spot​

• Chinese company has 37% share of global EV battery sales: SNE
• BYD overtakes South Korea’s LG Energy Solution for second spot

By Heejin Kim
2023年1月4日 GMT+8 14:36

Contemporary Amperex Technology Co. Ltd.’s share of the electric-vehicle battery market continues to grow, according to the latest data from Seoul-based SNE Research, which show the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.

CATL sold a total of 165.7 gigawatt-hours of batteries in the January-November period, almost three times as much as second-placed BYD Co., another Chinese battery maker. South Korea’s LG Energy Solution slipped to third, SNE said in a report published Wednesday.

China’s CATL Extends Lead as World’s Top EV Battery Maker

Contemporary Amperex Technology Co. Ltd.’s share of the electric-vehicle battery market continues to grow, according to the latest data from Seoul-based SNE Research, which show the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.

www.bloomberg.com

 

[Yongpeng Sun-Tastaufen]

They don't call Chinese the most intelligent people on the planet for nothin'

 

[kankan326]

China leads in most newest technologies. AI, 5G, EV, quantum technology, solar energy. China lags behind in most mature technologies. Fuel care, lithography, CNC lathe

 

[beijingwalker]

CATL seen constructing new battery production facility in China​

ByWilliam Johnson
Posted on January 7, 2023


CATL is continuing to expand battery production in China as it looks to maintain its grip on the battery cell market.

As many national governments, notably the United States, have looked to challenge China’s chip and battery production dominance, the collateral damage has been the Chinese battery supplier CATL, which still holds the position of the world’s largest battery cell producer. But as competitors look to establish new production in the U.S., Europe, and South Korea, CATL has doubled down on its home market of China.

In a video posted by WuWa on YouTube, CATL is seen continuing construction of its newest Chinese battery production facility just outside of Shanghai.

The video shows CATL’s newest Shanghai production location, which will be coming online later this year. Construction of the new plant began nearly two years ago, and when complete, the new facility will have a staggering output of 80GWh. According to some estimates, that is enough battery capacity for 800,000 vehicles per year.

At the same time, CATLs closest rivals are expanding production of their own, mostly in South Korea and the U.S. LG Chem is one such company that has placed billions in investing in multiple new manufacturing locations in the U.S. Similarly, SK On has most recently starting construction on a new battery production location that will supply Ford in the coming years.

Due to Inflation Reduction Act stipulations, CATL and other Chinese battery manufacturers are ineligible for Federal incentives, but that doesn’t seem to be stopping CATL as it is reportedly in talks with Ford to establish LFP battery production via a creative ownership system with the American automaker.

It remains unclear how Tesla’s relationship with CATL will change in the coming years, but with the changes that have been put in place by the Inflation Reduction Act, there is no doubt that it will. And as European countries also look to move away from China as a sole supplier, Tesla may become more incentivized than ever to distance itself and work with new partners.

CATL seen constructing new battery production facility in China

CATL continues to expand battery production in China. Its newest facility, coming online later this year, is currently in rapid construction.

www.teslarati.com

 

[xuxu1457]

CATLs 37.1%
BYD 13.6%
LG12%