CATL and BYD both saw their share of the Chinese power battery market increase slightly in December.
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CATL's share in the January-November period was higher than the 35.7 percent it achieved in the same period last year, and higher than the 36.9 percent in the January-October period.
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Located in the Silicon Valley area, the plant is Gotion's first US battery pack production line, targeting the Americas energy storage system market.
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CATL's share increased by 1.1 percentage points in November from October, while BYD's decreased by 3.5 percentage points.
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Gotion's joint venture plant in Thailand has a planned capacity of 2 GWh of battery packs per year for the first phase, which will be expanded to 8 GWh in the future.
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Gotion's joint venture plant in Thailand has a planned capacity of 2 GWh of battery packs per year for the first phase, which will be expanded to 8 GWh in the future.
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CATL's share continues to rank first in the world and remains the only global battery supplier with a market share of more than 30 percent.
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CATL's share of the Chinese EV battery market increased by 3.4 percentage points in October compared to September, while BYD's share decreased by 0.77 percentage points.
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CATL and BYD's shares in January-September both declined slightly from January-August.
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CATL's share of the global EV battery market in January-August rose from January-July, while BYD declined slightly.
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