CATL and BYD's combined EV battery installations in January-March amounted to 121.9 GWh, accounting for 55.0 percent of the global market.
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Category: Battery
CATL's joint venture in Indonesia plans to build a battery cell manufacturing plant with an annual capacity of 15 GWh.
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BYD's share increased by 0.90 percentage points in March from February, while CATL's fell by 2.07 percentage points.
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CATL and BYD's combined EV battery installed capacity in January-February was 71.5 GWh, accounting for 55.1 percent of the global total.
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CATL received approval from the CSRC to proceed with its listing on the main board of the Hong Kong Stock Exchange.
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CATL will increase its bet on Mirattery, in addition to advancing its investment in Nio Power, according to local media.
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Sunwoda's first plant in Thailand, located in Chonburi Province, will produce lithium-ion battery cells for EV makers.
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Changan aims to validate solid-state batteries in vehicles by 2026, and then move forward with mass production of all-solid-state batteries by 2027.
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BYD's share grew in February as NEV sales rebounded, while CATL saw a small decline.
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Farasis said its 6C ultra-fast charging technology allows LFP batteries to charge from 10 percent to 80 percent in 8.55 minutes.
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