CATL's battery installations in January were 20.5 GWh, up 88.1 percent year-on-year, while BYD's were 7.4 GWh, up 34.4 percent year-on-year.
In January 2024, global battery consumption for electric vehicles (EVs) totaled 51.5 GWh, up 60.6 percent from 32.1 GWh in the same month last year, according to data released today by South Korean market research firm SNE Research.
CATL installed 20.5 GWh of batteries in January, up 88.1 percent from 10.9 GWh in the same month last year.
The Chinese power battery giant continued to rank first in the world with a 39.7 percent share and remains the only battery supplier in the world with a market share of more than 30 percent.
That's higher than its 33.9 percent share in January 2023 and also higher than its 36.8 percent share for the whole of 2023.
BYD installed 7.4 GWh of power batteries in January, up 34.4 percent from 5.5 GWh in the same month last year.
The company came in second with a 14.4 percent share in January, down from 17.2 percent a year earlier, and also down from 15.8 percent for the whole of 2023.
South Korea's LG Energy Solution saw a 34.3 percent year-on-year increase in power battery installations to 5.9 GWh in January.
The South Korean company ranked third in the world with a share of 11.4 percent, down from 13.7 percent a year earlier and also down from 13.6 percent in 2023.
Japan's Panasonic was fourth with a 5.9 percent share, while South Korea's Samsung SDI and SK On were fifth and sixth with 4.8 percent and 4.0 percent shares, respectively.
China's CALB, Gotion High-tech, Svolt, and Eve Energy ranked seventh, eighth, ninth, and tenth, respectively, with shares of 4.0 percent, 2.7 percent, 2.2 percent, and 1.7 percent in January.
Compared to the 2023 rankings published by SNE Research last month, Samsung SDI moved up to the latest No. 5 from No. 7 previously, while SK On dropped to No. 6 from No. 5.
CALB slipped to No. 7 from No. 6 last time, and Eve Energy slipped from No. 9 to No. 10. Gotion High-tech remains at No. 8.
Svolt -- which failed to make the last list -- replaced Sunwoda in the latest list and is at No. 9.
BYD's battery unit FinDreams to develop batteries for 2-wheelers
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