Gotion High-tech

Gotion will support Pod Point with energy storage systems and battery cells based on its lithium iron phosphate battery product development, design and manufacturing capabilities.

CATL's share of the Chinese EV battery market increased by 3.4 percentage points in October compared to September, while BYD's share decreased by 0.77 percentage points.

CATL and BYD's shares in January-September both declined slightly from January-August.

CATL's share of the global EV battery market in January-August rose from January-July, while BYD declined slightly.

CATL's share fell by 4.88 percentage points in September from August, while BYD's rose by 0.03 percentage points.

Gotion's German battery plant is expected to be ready to supply European customers from October and could reach a real-world capacity of 5 GWh by mid-2024.

CATL's share of China's EV battery market increased in August, as it gained additional share in the BYD-dominated LFP market.

The plant will focus on lithium-ion battery cell and pack production and energy storage system integration, and is expected to produce 10 GWh battery packs and 40 GWh cells when completed.

CATL's share of the global EV battery market in Jan-July declined slightly from Jan-June, while BYD increased.

The deal is the first major investment in a European startup by a top Chinese global battery maker, with an initial focus on Central and Eastern Europe as well as Morocco.