Battery Data

CATL's share of the ternary battery market was 57.17 percent in January, and 44.6 percent in the LFP battery market.

LFP batteries led ternary batteries in China for the seventh consecutive month.

CATL's share of the global power battery market reached 32.6 percent in 2021, up 8 percentage points from 24.6 percent in 2020.

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

For the full year 2021, LFP batteries accounted for 51.7 percent of all battery installations, higher than the 48.1 percent for ternary batteries.

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

From January to November, CATL's installed base was 65.93 GWh and its market share was 51.4 percent.

From January to November, the cumulative installations of LFP batteries was 64.8 GWh, also surpassing the 63.3 GWh of ternary materials for the first time.

That lead narrowed in October, as LFP battery installations fell 11.6 percent from September, while ternary battery installations rose 13.5 percent from September.

In the first nine months, China's power battery installed base was 92.0 GWh, up 169.1 percent year-on-year, with ternary batteries still taking the lion's share.