{"id":34605,"date":"2024-06-21T05:20:00","date_gmt":"2024-06-21T10:20:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=34605"},"modified":"2024-06-20T16:08:06","modified_gmt":"2024-06-20T21:08:06","slug":"byd-and-catl-lead-battery-market","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/byd-and-catl-lead-battery-market\/","title":{"rendered":"BYD and CATL Lead Battery Market"},"content":{"rendered":"\n

BYD <\/strong>continues its vertiginous ascent in the electromobility market. While CATL <\/strong>remains at the forefront as the leading battery manufacturer, BYD is experiencing steady growth.<\/p>\n\n\n\n

CATL is at the top of the podium<\/strong> with global EV battery consumption of 216.2 GWh<\/strong>, during the first four months of this year, up 21.8% year-on-year (177.6% GWh).<\/strong><\/p>\n\n\n\n

In 2023, CATL achieved a share of 81.1 GWh installed<\/strong>, up 30% year-on-year (62.6 GWh). Through April, CATL captured 37.7% of the market.<\/p>\n\n\n\n

\"\"
BYD Battery Production<\/figcaption><\/figure>\n\n\n\n

CATL’s client list is extensive and includes big-name companies such as Tesla, BMW, Mercedes-Benz or Volkswagen.<\/strong><\/p>\n\n\n\n

Upcoming Projects<\/strong><\/h2>\n\n\n\n

Such is the demand that CATL is planning to build two new plants outside China<\/strong> (one of them in Spain), adding to the six it already has planned outside the country, located in: Germany, Thailand, Hungary, Hungary, Indonesia and two in the United States (one with Ford and one with Tesla).<\/p>\n\n\n\n

Read also:<\/strong> BYD Prepares Offensive in Brazil: Unloads More Than 5,000 Cars in One Day<\/a><\/p>\n\n\n\n

CATL is followed by BYD<\/strong>, a brand that has a 15.4% share up to April, with an installed capacity of 33.2 GWh<\/strong>, which is 18.3% more than last year. At this point BYD, has a certain advantage since it self-supplies its batteries in its electric vehicles.<\/p>\n\n\n\n

\"\"
CATL’s Sodium-Battery<\/figcaption><\/figure>\n\n\n\n

CATL and BYD are followed by:<\/strong> LG Energy Solution (13%), Samsung SDI (5.1%), SK On (4.8%), Panasonic (4.7%), CALB (4.3%), Eve Energy (2.3%), Gotion (2.2%) and Sunwoda (2%). Samsung SDI recorded the highest growth rate at 32.9%, installing 10.9 GWh through April, driven by increased sales of models such as the BMW i4, i5 and iX, as well as the Rivian R1T and R1S.<\/p>\n\n\n\n

In the case of SK On, installed capacity declined by 2% year-on-year, although it is expected to recover with the launch of the recently refurbished Hyundai IONIQ 5 and KIA EV6<\/strong>. In the case of Panasonic, it also falls, by 29.5% year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"

BYD continues its vertiginous ascent in the electromobility market. While CATL remains at the forefront as the leading battery manufacturer, BYD is experiencing steady growth. CATL is at the top of the podium with global EV battery consumption of 216.2 GWh, during the first four months of this year, up 21.8% year-on-year (177.6% GWh). In…<\/p>\n","protected":false},"author":10,"featured_media":34603,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[2054],"tags":[1415,1564,1281,1489],"class_list":["post-34605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-byd","tag-electric-cars","tag-electric-mobility","tag-sustainability"],"yoast_head":"\nBYD and CATL Lead Battery Market - Latam Mobility<\/title>\n<meta name=\"description\" content=\"BYD continues its vertiginous ascent in the electromobility market. 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