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CATL increases dominance in EV battery sales

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.

CATL increases dominance in EV battery sales CATL increases dominance in EV battery sales CATL increases dominance in EV battery sales CATL increases dominance in EV battery sales CATL increases dominance in EV battery sales

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.