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CATL and BYD have more than 50% share of world's battery manufacturing capacity. And the trend is upwards. Same reason china EVs are edging out Telsa and EU EVs
by mayama 2y ago
CATL and BYD have more than 50% share of world's battery manufacturing capacity. And the trend is upwards. Same reason china EVs are edging out Telsa and EU EVs out in international market, where LFP is becoming more common.
- idunnoman1222 2y agoMarket share or most advanced?
- tooltalk 2y agoChina's EV market is about 60% of the global EV market. And no foreign battery competitors have been able to participate in China's local EV market (ie, shadow-ban) since 2015 and all EV OEMs, local or foreign, are required to use locally made batteries by local companies only. China's discriminatory and anticompetitive EV policies are the key reasons for the US IRA in 2022 and the EU's recent antisubsidy tariff against Chinese EV imports. About 40% of Tesla's battery supply comes from those two -- the other 60% from Panasonic and LG. LFP is most widely deployed in China, but that is not why China's "edging out" Tesla -- LFP's market share outside China is not that big. LFP is just a low-end batteries for entry-level, low-range EVs.