CATL Retains Top Position as World’s Biggest EV Battery Maker
Vehicle batteries on display at the Contemporary Amperex Technology Co. headquarters building in Ningde, Fujian province, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Contemporary Amperex Technology Co. Ltd. easily maintained its pole position as the world’s biggest maker of electric-car batteries as of the end of March with its share edging slighter higher to 35%, according to Seoul-based SNE Research’s latest report.
Despite steep rises in raw materials prices, CATL, as the Chinese company is better known, increased its market position from 34.4% at the end of February. South Korea’s LG Energy Solution came in second as of March 31 at 15.9%, followed by China’s BYD Co. at 11.1%. BYD is also a big maker of both electric and regular automobiles.