CATL

Second-tier battery makers may adopt a more aggressive pricing strategy to gain market share in the second half of the year, and CATL could face increasing risks to its market share and margins in the domestic market, Morgan Stanley said.

In January-April, CALB's power battery installations of 8.4 GWh surpassed Samsung SDI's 7.5 GWh, according to SNE Research.

BYD returned to the top spot in the LFP battery market with a 42.68 percent share in April, overtaking CATL's 33.65 percent.

Thailand is talking to many companies, not just CATL, but many in the battery industry, an official in the Southeast Asian country said.

CATL's battery is expected to maintain its No. 1 position as it is in high demand in passenger cars such as the Tesla Model 3, Model Y, SAIC Mulan, and the Chinese commercial vehicle market, according to SNE Research.

Lithium carbonate prices fell more than 50 percent in the first quarter, allowing CATL to see record net profit growth of 557.97 percent in the quarter.

CATL and BYD's sodium-ion batteries to be put into mass production will both be a mix of sodium-ion and lithium-ion batteries, according to local media.

CATL is collaborating on the development of Condensed Battery for civilian electric aircrafts, and the battery for EVs will have mass production capability this year.

In the passenger car segment, sodium-ion batteries can generally meet the needs of models with a range of up to 400 kilometers, a CATL executive previously said.

CATL's share of the LFP market in March was 39.47 percent, higher than 38.88 percent for BYD, which was No. 1 in the LFP market in both January and February.