Sep 11, 2023 06:35 AM

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Cover Story: Chinese Battery Makers Gird for Price War in Competition to Supply EV Producers

By An Limin and Denise Jia

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China, the world’s biggest maker of electric vehicles, is poised to become a battleground for a price war between the two largest producers of the batteries that power EVs.

Contemporary Amperex Technology Co. Ltd., better known as CATL, holds 43% of domestic market share, while Warren Buffett-backed BYD Co. Ltd., which makes both electric cars and batteries, has about a 30% share. The next largest producer clings to just 8.55% the market.

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