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China’s CATL increased its dominant share of global electric vehicle battery sales for January to November of 2022 to 37% from 32% a year earlier, while fellow Chinese manufacturer BYD surpassed South Korea’s LG Energy Solutions and Japan’s Panasonic to take out second place, SNE Research said.
Total global sales rose by 75% from 255.3GWh to 446GWh, with the CATL and BYD accounting for about 51% of that.
CATL's sales slightly more than doubled year-on-year from 82.1GWh to 165.7GWh worth of batteries for the 11-month period, while BYD's rocketed by 168% to 60.6GWh, the research showed.
The project will be CATL's second in European after its German plant
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