May 09, 2023 07:33 AM

BUSINESS

Chinese Battery Makers Grab More Share Overseas

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What’s new: Chinese battery makers are gaining on South Korean rivals in markets outside China, expanding their market share by 6 percentage points in the first quarter, according to South Korea-based SNE Research.

Mainstream Chinese battery makers supplied 29.6% of batteries used for electric vehicles in non-China markets in the first three months, SNE Research data showed Monday.

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