CATL shipped 33.3 GWh in the first quarter, with a 35 percent share, up from 34.4 percent at the end of February.

CATL remains world's largest EV battery maker with 35% share in Q1-CnEVPost

Despite rising raw material prices, Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) strengthened its position in the global power battery market.

In the first quarter, global power battery shipments were 95.1 GWh, up 93.3 percent year-on-year, according to a report released today by Seoul-based SNE Research.

CATL maintained its leadership position as the world's largest electric vehicle (EV) battery maker, shipping 33.3 GWh in the first quarter, with a 35 percent share, according to the report.

CATL's latest share increased by 0.6 percentage points compared to its 34.4 percent share at the end of February.

LG Energy Solution ranked second, with 15.1 GWh shipped in the first quarter and a 15.9 percent market share, up 2.1 percentage points from 13.8 percent at the end of February.

BYD continues to rank third, with 10.5 GWh shipped in the first quarter and a market share of 11.1 percent, down slightly by 0.8 percentage points from 11.9 percent at the end of February.

Panasonic shipped 9.4 GWh, ranking fourth. The share was 9.9 percent, down from a share of 10.8 percent at the end of February.

SK On shipped 6.3 GWh and ranked fifth with a 6.6 percent market share.

China's CALB shipped 4.2 GWh and had a 4.4 percent share, ranking sixth.

From No. 8 to No. 10 are Chinese companies Gotion High-Tech, Svolt Energy, and Eve Energy, with shares of 2.7 percent, 1.3 percent, and 1.2 percent, respectively.

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