Battery Data

CATL remains the largest power battery maker in China, but BYD's lead in the LFP market expanded in May.

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.

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.

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.

CATL's share in January-February was the same as in January, while BYD saw its share rise.

BYD's share in February was essentially unchanged from January, while CALB's share grew significantly.

CATL's battery installations rose 6.5 percent year-on-year in January, below the industry's growth rate of 18.1 percent.

BYD overtook CATL in LFP market share again after six months, the last time being in July 2022.

Chinese companies, including CATL and BYD, saw explosive growth in the power battery market, while South Korean and Japanese manufacturers were not performing as brightly.