Sep 12, 2023 09:30 AM

CX DAILY

CX Daily: Chinese Battery Makers Gird For Price War In Competition To Supply EV Producers

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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 the domestic market, 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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