CATL

CATL's battery swap business will first be available for operational vehicles used and will gradually penetrate into vehicles for general consumers in the future, CICC said.

CATL will officially launch its battery swap brand called EVOGO on January 18.

BYD ranks second with 25.06 GWh of installed power battery capacity and 16.2 percent market share in 2021.

LG Energy Solution could overtake CATL in the global EV battery market, given a significantly higher order backlog and other factors, the company's CEO said.

CATL's move is expected to give it easier access to top talent and closer proximity to two key customers, Tesla and Nio.

The plant is in the capacity ramp-up phase and is already at approximately 60 percent of its design capacity.

In December, the quoted price of lithium carbonate rose from RMB 200,000 per ton at the beginning of the month to an average price of RMB 280,000 per ton, an increase of up to 40 percent.

This is the seventh to tenth phase of CATL's Yibin manufacturing base, with a planned site area of approximately 2.13 million square meters.

CATL's share was 11.3 percentage points higher than second-place LG Energy Solution's 20.5 percent.

CATL, China's largest power battery giant, is getting involved in building a battery swap network itself.