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China’s BYD Jumps to No. 2 in Global Electric-Car Battery Market

  • Surging EV demand in China helps propel BYD past LG Energy
  • China’s CATL retains top position this year with 35% share
A BYD Co. showroom in Shanghai.

A BYD Co. showroom in Shanghai.

Photographer: Qilai Shen/Bloomberg
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BYD Co. jumped to second place in global electric-car battery rankings in July, overtaking LG Energy Solution Ltd. as China’s demand for clean cars surges.  

The Chinese car and battery maker supplied 6.4 gigawatt-hours of batteries in July, behind only giant Contemporary Amperex Technology Co. with 13.3 GWh. LG Energy slipped to third with 4.4 GWh, followed by Japan’s Panasonic Holdings Corp. at 2.9 GWh, according to data released by Seoul-based SNE Research on Monday. Global battery sales rose to 39.7 gigawatt-hours in July, up 80% from a year earlier, the report showed.