CATL's share in August decreased by 2.84 percentage points from July, while BYD increased by 2.14 percentage points.
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Category: Battery News
CATL is in talks to buy photovoltaic module supplier DAS Solar, which ranked No. 8 globally in PV module shipments in the first half of this year, according to local media.
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CATL and BYD continue to hold the top two spots as the world's largest battery makers in January-July, with several other Chinese companies in the top 10.
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By the end of this year, an eVTOL powered by CATL batteries is expected to make its maiden flight, the battery maker's chairman said.
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In the short term, CATL aims to have more than 500 battery swap stations by 2025 and 3,000 by 2027.
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Ganfeng plans to set up a joint venture in Turkey, which plans to invest $500 million to build a lithium battery project with an annual capacity of 5 GWh in Turkey.
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CATL's first experience center opened today, bringing together nearly 100 models from about 50 automotive brands it ramps up its engagement with consumers.
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CATL's share increased by 2.24 percentage points in July compared to June, while BYD decreased by 2.49 percentage points.
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CATL and BYD continued to hold the top two positions as the world's largest battery makers in the first half of 2024, both increasing their share slightly from January-May.
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Demand for power batteries in China was steady overall in July, but battery material costs continued to fall, resulting in a slight downward trend in battery cell prices, TrendForce said.
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