CALB

The first phase of CALB's Wuhan base was signed on May 31 last year, with a planned capacity of 20 GWh, and the main plant was topped out in March.

BYD's share reached 32.2 percent in April, narrowing the gap to 6.1 percentage points from CATL's 38.3 percent share.

CATL shipped 33.3 GWh in the first quarter, with a 35 percent share, up from 34.4 percent at the end of February.

CATL's installed base in China in March was 10.81 GWh, capturing 50.49 percent of the market share, up 2.47 percentage points from February.

LFP batteries lead ternary batteries in China for the ninth consecutive month.

BYD beat Panasonic to third place with 11.9 percent market share in January-February, while the latter ranked fourth with 10.8 percent share.

CALB currently has seven manufacturing sites and aims to have 1,000 GWh of capacity by 2030.

China's No. 3 electric vehicle battery maker reportedly hopes to raise up to $1.5 billion, becoming Hong Kong's biggest listing so far this year.

CALB's first filing did not mention the amount it plans to raise, but media reports previously suggested its IPO could raise up to $1.5 billion.

CATL's battery installations in China in February were 6.57 GWh, accounting for 48.02 percent market share, down from 50.24 percent in January.