Category: CATL

BYD’s FinDreams unit to supply battery cells to Tesla’s Shanghai Megafactory

BYD's battery making unit FinDreams will be Tesla's new supplier of energy storage cells outside of CATL, securing more than 20 percent of orders for the Megapack product line, according to local media.

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CATL makes overseas expansion top priority as domestic competition intensifies

CATL's efforts to expand overseas markets are now being personally led by its chairman, and the company will add two additional overseas plants to the six it has previously disclosed, according to local media.

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China EV battery installations in Apr: CATL share 44.65%, BYD 28.37%

CATL's share in April decreased by 0.22 percentage points from March, while BYD's increased by 1.58 percentage points.

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Global EV battery market share in Jan-Mar 2024: CATL 37.9%, BYD 14.3%

CATL continues to be No. 1, but with a slightly reduced share from Jan-February. BYD is back in second place, overtaking LG Energy Solution.

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