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Published: 20:35, April 04, 2022
Chinese battery giant dominates global EV battery market
By Xinhua
Published:20:35, April 04, 2022 By Xinhua

In this undated file photo, workers examine charge cores at CATL's factory in Ningde, Fujian province. (PHOTO / XINHUA)

BEIJING - Chinese battery maker Contemporary Amperex Technology Co Ltd 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.

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.

ALSO READ: CATL looks to raise US$9b to expand battery production

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. 


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