Analysis of CATL and BYD's EV Battery Market Shares in January 2024
Wednesday, 6 March 2024, 02:37
Global EV Battery Market Dynamics
The global electric vehicle (EV) battery market continues to be shaped by key players such as CATL and BYD. In January 2024, CATL maintained its lead with a market share of 39.7%, while BYD captured 14.4% of the market.
Battery Installation Growth
CATL saw a remarkable 88.1% year-on-year increase in battery installations, reaching 20.5 GWh. Similarly, BYD experienced a 34.4% year-on-year rise, reaching 7.4 GWh.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.