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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Category: CALB
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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BYD's share grew in February as NEV sales rebounded, while CATL saw a small decline.
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CATL and BYD's combined EV battery installations in January amounted to 35.9 GWh, accounting for 55.8 percent of the global total of 64.3 GWh.
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The $2.1 billion plant is CALB's first overseas facility and is expected to start production in 2027.
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CALB expects its net income to rise about 80 percent to 100 percent in 2024 from 2023 on the back of growth in business scale and lower costs.
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CATL's share grew by 1.6 percentage points in January from December, while BYD saw its share drop by 0.29 percentage points due to lower NEV sales.
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CATL continued to remain the world's largest power battery maker in 2024, with a 37.9 percent share that is higher than the 36.6 percent in 2023.
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For the full year of 2024, CATL ranked first with a 45.08 percent share, BYD was second with 24.74 percent, and CALB was third with 6.68 percent.
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CATL and BYD continued to hold the top two positions as the world's largest battery makers in January-November, with the former's share unchanged from January-October and the latter increasing slightly.
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