CATL gained more share in June, as its major customers saw their output further return to normal.
China's largest power battery maker Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) gained more share in June, as production by its major customers returned further to normal.
CATL installed 13.4 GWh of power batteries in China in June, ranking first with a 49.6 percent share, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).
This is the second consecutive increase in CATL's market share, after dropping to 38.28 percent in April in China.
BYD (SHE: 002594, HKG: 1211, OTCMKTS: BYDDF) ranked second with a share of 18.53 percent in June with an installed base of 5.01 GWh in China.
This is BYD's second consecutive month of decline in China's power battery market share, returning to the level at the beginning of the year. In April, BYD's share reached a record 32.18 percent.
Notably, CATL's lead over BYD in the power cell market widened as its key customers saw a big jump in deliveries in June.
Tesla sold a record 78,906 China-made vehicles in June, and Nio (NYSE: NIO, HKG: 9866, SGX: Nio) delivered 12,961 vehicles in June, also a record high. These two companies are among CATL's largest customers.
BYD, whose power batteries are mainly supplied to the company's passenger car business, sold a record 134,036 new energy vehicles in June, the fourth consecutive month of more than 100,000 units.
LG Energy Solution ranked third with a 6.19 percent share in June with 1.67 GWh installed in China.
CALB was fourth with a 6.01 percent share, Gotion High-tech was fifth with a 4.94 percent share, and Sunwoda was sixth with a 2.37 percent share.
In the lithium iron phosphate (LFP) battery market, CATL ranked first with a 50.29 percent share of 7.75 GWh installed in June, while BYD ranked second with a 31.87 percent share of 4.91 GWh of LFP battery installed.
In the ternary battery market, CATL ranked first with a 48.8 percent share of 5.65 GWh installed in June, while LG Energy Solution ranked second with a 14.4 percent share of 1.67 GWh.
In June, the installed base of power batteries in China was 27.0 GWh, up 143.3 percent year-on-year and 45.5 percent from May.
Among them, the installed base of ternary batteries was 11.6 GWh, accounting for 42.9 percent of the total installed base, up 94.9 percent year-on-year and 39.4 percent from May.
The installed base of LFP batteries was 15.4 GWh, accounting for 57.1 percent of the total installed base, up 201.5 percent year-on-year and up 50.7 percent from May.
From January to June, the installed base of power batteries in China was 110.1 GWh, an increase of 109.8 percent year-on-year.
From January to June, 45.6 GWh of ternary batteries were installed, accounting for 41.4 percent of the total installed base, up 51.2 percent year-on-year. A total of 64.4 GWh of LFP batteries were installed, accounting for 58.5 percent of the total installed base, up 189.7 percent year-on-year.
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