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

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.