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In January-February 2025, CATL maintained its position as the leading global EV battery supplier with a 38.2% market share, while BYD followed with 16.9%. Together, they accounted for 55.1% of the total 129.9 GWh of EV batteries installed, reflecting a 40.3% year-on-year increase. Other notable players included LG Energy Solution, SK On, and Panasonic, with shares of 9.8%, 4.7%, and 3.9%, respectively.
In February, China's power battery installations reached 34.9 GWh, marking a 94.1% year-on-year increase but a 10.1% decline from January. CATL led with a 44.45% market share, while BYD's share grew to 23.62% due to a 163.95% rise in NEV sales. LFP batteries dominated the market, accounting for 81.5% of total installations.
Congressmen John Moolenaar and Jared Golden are pushing to suspend the 45X Advanced Manufacturing Production Tax Credit, citing concerns over Chinese companies benefiting from it if they establish factories in the US. While outright elimination is unlikely to gain support from US manufacturers, modifications to restrict access for Chinese firms are anticipated. The ongoing debate reflects broader bipartisan support for enhancing US clean energy manufacturing initiatives.
Chery is developing solid-state batteries, initially claiming an energy density of 400 Wh/kg, now revised to 280 Wh/kg for production. The company aims for 600 Wh/kg by 2025, with EVs achieving a range of 1500 km by 2026, supported by Anwa New Energy's efficient manufacturing process.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
global ev battery market share dominated by catl and byd in early 2025
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Samsung SDI Co., Ltd.
EVE Energy Co., Ltd.
Tesla, Inc.
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LG Energy Solution, Ltd.
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04:51 08.04.2025
China's EV battery market sees BYD growth amid CATL decline in February
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EVE Energy Co., Ltd.
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11:25 11.03.2025
US lawmakers seek to suspend advanced manufacturing tax credit amid China concerns
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Jared Golden
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00:27 28.11.2024
Chery advances solid-state battery production with revised energy density goals
05:57 22.11.2024
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