BYD Keeps No.2 Rank in Global Electric Vehicle Battery Market
- Total EV battery sales almost double in August, led by China
- China’s CATL maintains top position with 39% market share
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China’s BYD Co. cemented its position as the world’s second-largest EV battery maker, outselling South Korean rival LG Energy Solution Ltd. for a second straight month in August.
Shenzhen-based BYD sold about 6.5 gigawatt-hours of batteries in August, posting 159% growth from a year earlier, according to a report Thursday from SNE Research, a Seoul-based research firm. Contemporary Amperex Technology Co. Ltd., another Chinese maker, maintained its clear lead as the world’s largest battery maker with 18 gigawatt-hours, up 129%.