CATL claimed 45.2% of power battery market in China, BYD claimed 25.1% in 2024
In 2024, China’s cumulative installed capacity of power batteries was 548.4 GWh, a year-on-year increase of 41.5%. Specifically, ternary batteries accounted for 25.3% of the total with 139 GWh installed, a year-on-year increase of 10.2%. Lithium iron phosphate batteries accounted for 74.6% of the total with 409 GWh installed, a...
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