Chart of the Day: China’s Battery-Makers Carve Out Growing Share in Overseas Markets
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Chinese battery-makers are becoming increasingly competitive in overseas markets, in the first quarter cornering nearly 30% of the traditional stronghold of South Korean and Japanese rivals.
During the three months, leading Chinese battery-makers — Contemporary Amperex Technology Co. Ltd. (CATL), BYD Co. Ltd., Envision AESC Group Ltd., Farasis Energy (Ganzhou) Co. Ltd. and Sunwoda Electronic Co. Ltd. — supplied 29.6% of batteries used for electric vehicles (EV) in non-China markets, up 6 percentage points year-on-year, according to a report released this month by South Korea-based SNE Research.
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