SNE Research

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

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

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.

CATL's installed power battery volume from January to November was 165.7 GWh, ranking first with a 37.1 percent market share.

BYD returned to second place in the global power battery market in October, overtaking LG Energy Solution.

BYD's global share was higher than LG Energy Solution's in both July and August.

From January to July, BYD's global share remained lower than LG Energy Solution, with the two at 12.6 percent and 14.2 percent respectively.

LG Energy Solution ranked second with a 14.4 percent share and BYD ranked third with an 11.8 percent share, according to SNE Research.

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