CATL, BYD dominate global EV battery shipments with combined 52.2% share in Q3

CnEVPost12-02

CATL contributed 35.2 percent of global EV battery shipments in the third quarter, while BYD FinDreams contributed 17.0 percent. Backed by the world's largest electric vehicle (EV) market in China, ...

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href=https://cnevpost.com/2024/12/02/catl-byd-global-ev-battery-shipment-share-q3-2024/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CATL contributed 35.2 percent of global EV battery shipments in the third quarter, while BYD FinDreams contributed 17.0 percent.\n\nBacked by the world's largest electric vehicle (EV) market in China, ...</p>\n\n<a href=\"https://cnevpost.com/2024/12/02/catl-byd-global-ev-battery-shipment-share-q3-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0708995583.HKD","symbol_name":"TEMPLETON CHINA \"A\" (HKD) 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South Korean market research firm SNE Research.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\n\nCATL shipped 91.0 GWh of EV batteries in the third quarter, continuing to rank first in the world with a 35.2 percent share, and is the only battery supplier in the world with a market share of more than 30 percent.\nBYD's battery manufacturing unit, FinDreams Battery, ranked second with a 17.0 percent share of 44.0 GWh of EV batteries shipped in the third quarter.\nThe two Chinese companies shipped a combined 135 GWh in the third quarter for a combined 52.2 percent share.\nSouth Korea's LG Energy Solution shipped 29.0 GWh of EV batteries in the third quarter, ranking third with an 11.2 percent share.\nChina's CALB was fourth with a 5.0 percent share, Japan's Panasonic was fifth with a 3.9 percent share, and China's Gotion High-tech was sixth with a 3.9 percent share.\nThree South Korean firms -- LG Energy Solution, Samsung SDI and SK On -- and CATL and BYD remained stable in the rankings, while CALB showed rapid growth and started to expand its presence to major OEMs such as Geely and emerging OEMs such as Xpeng (NYSE: XPEV), Nio (NYSE: NIO), and Leapmotor (HKG: 9863), SNE Research noted.\nThe market share of battery companies entering emerging countries and China's domestic market is expected to grow significantly in the future, SNE Research said.\nIn terms of sales revenue, CATL ranked first with a 28.5 percent share in the third quarter, while LG Energy Solution came in second with a 14.1 percent share. BYD FinDreams was third with 12.3 percent.\n\nChina EV battery installations in Oct: CATL share at 42.78%, BYD 26.73%\n\n\n\nFollow us by email: \n\n\n\n\n\n    Get Newsletter\n  \n\n\n\n\n\n\n\nRelated posts on CnEVPost\n\n\n\n\n \n\n\nCATL launches new batteries for heavy-duty commercial vehicles under Tectrans brand\n\n\n\n\n\n \n\n\nCATL in talks to set up battery recycling operations in Europe\n\n\n\n\n\n \n\n\nChina starts pilot transportation of EV batteries by rail with participation of CATL, BYD\n\n\n\n\n\n \n\n\nWuling to build logistics cars based on CATL's battery swap solution\n\n\n\n\nShare this post:XFacebookTelegramReddit\">RedditLinkedInPocketEmailWhatsAppPrintThreads","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488511968"}