In recent years, significant changes have taken place in the global electric vehicle battery market, with China's battery giant CATL firmly occupying the position of the world's largest electric vehicle battery manufacturer. As early as a few years ago, CATL had claimed this title from LG Chem, and has since maintained an upward trend. This article will delve into CATL's leadership position in the electric vehicle battery market, as well as the market performance of other major battery manufacturers.
The Chinese market has made a huge contribution to global sales of electric vehicles, with more than half of global electric vehicle sales coming from the Chinese market. In this market, Chinese car manufacturers dominate. BYD supplies batteries for its own leading electric vehicles in the market, while many other Chinese car manufacturers need to purchase batteries from CATL. Tesla, as the world's largest electric vehicle sales company, also purchases some batteries from CATL and LG Energy Solutions, while also independently producing a large number of batteries.
CALB ranks eighth and EVE ninth. These two battery manufacturers not only occupy important positions in the installation of electric vehicles, but also are highly favored in the energy storage field.
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Contact Person: Mr. Leo Zeng
