Category: Gotion High-Tech

China EV battery installations in Mar: CATL overtakes BYD in LFP market for 1st time this year

CATL's share of the LFP market in March was 39.47 percent, higher than 38.88 percent for , which was No. 1 in the LFP market in both January and February.

China's electric vehicle (EV) battery installations continued to grow last month, with CATL maintaining its lead and regaining the top spot over BYD in the lithium iron phosphate (LFP) battery market.

China's power battery installations in March were 27.8 GWh, up 29.7 percent year-on-year and up 26.7 percent from February, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).

CATL's power battery installed base in March was 12.49 GWh, continuing to rank first with a 44.95 percent share, up from 43.76 percent in February.

BYD installed 7.40 GWh of power batteries in March, ranking second with a 26.65 percent share, down 7.54 percentage points from 34.19 percent in February.

CALB saw a market share gain in March, as the company installed 2.86 GWh of power batteries in the month, ranking third with a 10.28 percent share, up 2.89 percentage points from 7.39 percent in February.

Gotion High-tech ranked fourth with a 4.51 percent share of 1.25 GWh installed in March, while Eve Energy ranked fifth with a 3.86 percent share of 1.07 GWh installed.

China's ternary lithium battery installed base in March was 8.7 GWh, accounting for 31.4 percent of the total installed base, up 6.3 percent year-on-year and up 29.8 percent from January.

Lithium iron phosphate (LFP) batteries accounted for 19.0 GWh or 68.5 percent of the total installed base, up 44.4 percent year-on-year and up 25.3 percent from January.

In the ternary Li-ion battery market, CATL ranked first with 56.99 percent of the total installed base of 4.97 GWh in March.

CALB and LG Energy Solution ranked second and third in the ternary battery market with 16.82 percent and 6.52 percent shares, respectively.

In the LFP battery market, CATL topped the list with 39.47 percent of the installed base of 7.51 GWh in March, the first time it overtook BYD in this market this year.

BYD was second in the LFP market with 7.40 GWh installed in March, with a share of 38.88 percent. In both January and February, BYD ranked first in this market, with shares of 51.52 percent and 49.37 percent, respectively.

CALB and Gotion High-tech ranked third and fourth in the LFP battery market with 7.29 percent and 6.20 percent shares, respectively.

Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%

The post China EV battery installations in Mar: CATL overtakes BYD in LFP market for 1st time this year appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%

's share in January-February was the same as in January, while saw its share rise.

CATL and BYD remained the top two players in the global EV battery market in the first two months, with the former's share remaining stable and the latter rising.

In January and February, the total battery consumption of EVs registered in each country was about 75.2 GWh, up 39.0 percent from the previous year, according to data released today by South Korean market research firm SNE Research.

CATL's battery installed base in January-February was 25.5 GWh, up 34 percent from 19.0 GWh in the same period last year.

The Chinese battery giant continues to rank first with a 33.9 percent share, the only global battery maker with a share of more than 30 percent.

CATL's share in January-February was the same as in January, but down 1.2 percentage points from 35.1 percent a year ago.

CATL's batteries are in high demand in passenger cars, including Model 3, Model Y, SAIC's Mulan, ET5 and the Chinese commercial vehicle market, and is expected to maintain its No. 1 position, SNE Research said.

BYD installed 13.7 GWh of power batteries in January-February, up 122.6 percent from 6.1 GWh in the same period last year.

The company ranked second with 18.2 percent market share in the first two months, up from 11.3 percent in the same period last year and up from 17.6 percent in January.

BYD is gaining traction in China's domestic market with its competitive pricing by establishing a vertically integrated supply chain management, including self-supply of batteries and vehicle manufacturing, SNE Research said.

LG Energy Solution saw a 51.9 percent year-on-year increase in power battery installed base of 10.0 GWh in January-February.

The South Korean company ranked third in the world with a 13.3 percent share, up from 12.2 percent a year earlier.

Japan's Panasonic ranked fourth with a 10.4 percent share, South Korea's SK On was fifth with 5.5 percent and Samsung SDI was sixth with 4.9 percent.

China's CALB, Gotion High-tech, Eve Energy and Sunwoda ranked seventh, eighth, ninth and tenth respectively, with shares of 3.4 percent, 2.0 percent, 1.8 percent and 1.4 percent respectively in January-February.

CATL's share in global EV battery market slips in Jan, BYD rises

The post Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2% appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Gotion’s controlling shareholder to increase stake by up to RMB 300 million

The move is based on Gotion's controlling shareholder's recognition of the company's value and confidence in its continued rapid growth, according to an exchange announcement.

Gotion's controlling shareholder to increase stake by up to RMB 300 million-CnEVPost

The controlling shareholder of Chinese power battery maker Gotion High-tech plans to increase its stake in the company, whose stock has continued to fall over the past few months.

Gotion's controlling shareholder, Nanjing Guoxuan Holding Group, plans to increase its stake in the company by no less than RMB 200 million yuan ($29 million) and no more than 300 million yuan within six months from March 13, according to a Shenzhen Stock Exchange announcement on March 12.

The share purchase plan will not set a price range, and the controlling shareholder of Gotion will increase its shareholding at an opportune time according to the fluctuation of the share price and the overall trend of the capital market, according to the announcement.

The move is based on Nanjing Guoxuan's recognition of Gotion's intrinsic value and investment value and confidence in the company and the continued rapid development of the global lithium battery market, the announcement said.

Prior to the increase, Nanjing Guoxuan held 9.6 percent of Gotion's shares, while its two concert parties, Li Zhen and Li Chen, held 5.81 percent and 1.6 percent of the shares, respectively.

Li Zhen is the chairman of Gotion and holds 80.69 percent of Nanjing Guoxuan's shares, according to data provider Tianyancha. Li Chen is Li Zhen's son, according to Gotion's third-quarter earnings report.

Nanjing Guoxuan and its concert parties together hold 17.01 percent of Gotion's shares and have promised not to reduce their holdings within six months after completing the increase, according to the announcement.

They will execute the plan through the means permitted by the Shenzhen Stock Exchange securities trading system by September 13, according to the announcement.

Gotion ranked fourth with a 3.58 percent share of the power battery installed base in China at 0.78 GWh in February.

While Gotion's share of the China power battery market has remained stable, its shares have continued to fall over the past few months and are currently down more than 40 percent from their recent highs in early July 2022.

Gotion's controlling shareholder to increase stake by up to RMB 300 million-CnEVPost

As of Monday's close, Gotion was down 0.62 percent to RMB 28.92 in Shenzhen.

($1 = RMB 6.9014)

The post Gotion's controlling shareholder to increase stake by up to RMB 300 million appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China Feb EV battery installations: Total volume up 36% from Jan, CATL share down slightly

's share in February was essentially unchanged from January, while CALB's share grew significantly.

China's power battery installed base rebounded in February compared to January, though 's share declined slightly and CALB's share increased significantly.

In February, China's power battery installed base was 21.9 GWh, up 60.4 percent year-on-year and up 36.0 percent from January, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).

CATL's power battery installed base in February was 9.60 GWh, continuing to rank first with a 43.76 percent share, but down from 44.41 percent in January.

BYD installed 7.50 GWh of power batteries in February, ranking second with a 34.19 percent share, essentially unchanged from January's 34.12 percent share.

CALB saw significant market share gains in February, as the company installed 1.62 GWh of power batteries in the month, ranking third with a 7.39 percent share, up 2.46 percentage points from 4.93 percent in January.

Gotion High-tech ranked fourth with an installed base of 0.78 GWh and a 3.58 percent share in February, while Eve Energy ranked fifth with an installed base of 0.71 GWh and a 3.25 percent share.

China's ternary Li-ion battery installed base in February was 6.7 GWh, accounting for 30.6 percent of total installed base, up 15.0 percent year-on-year and up 23.7 percent from January.

The installed base of LFP batteries was 15.2 GWh, accounting for 69.3 percent of the total installed base, up 95.3 percent year-on-year and up 42.2 percent from January.

In the ternary Li-ion battery market, CATL ranked first with 65.53 percent of the total installed base of 4.40 GWh in February.

CALB and LG Energy Solution ranked second and third in the ternary battery market with 10.93 percent and 7.49 percent shares, respectively.

In the LFP battery market, BYD installed 7.50 GWh in February, topping the list with a 49.37 percent share, the second consecutive month it ranked first in this segment.

BYD's power batteries are mainly LFP batteries, which are mainly used in the company's own new energy vehicle (NEV) models.

CATL ranked second in the LFP market with 34.19 percent of the total installed base of 5.20 GWh in February.

CALB and Gotion High-tech ranked third and fourth in the LFP battery market with 5.84 percent and 4.82 percent shares, respectively.

CATL's share in global EV battery market slips in Jan, BYD rises

The post China Feb EV battery installations: Total volume up 36% from Jan, CATL share down slightly appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China EV battery installations in Jan: Total volume down 55% from Dec, BYD overtakes CATL again in LFP market

BYD overtook CATL in LFP market share again after six months, the last time being in July 2022.

The post China EV battery installations in Jan: Total volume down 55% from Dec, BYD overtakes CATL again in LFP market appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Global EV battery market share in 2022: CATL 37%, BYD 13.6%

Chinese companies, including CATL and BYD, saw explosive growth in the power battery market, while South Korean and Japanese manufacturers were not performing as brightly.

The post Global EV battery market share in 2022: CATL 37%, BYD 13.6% appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Gotion to explore building 40 GWh overseas facility with European battery maker InoBat

Gotion and InoBat will explore building a 40 GWh cell and Pack facility in Europe and explore producing energy storage batteries based on the latter's existing facility in Slovakia.

The post Gotion to explore building 40 GWh overseas facility with European battery maker InoBat appeared first on CnEVPost.

For more articles, please visit CnEVPost.

driive.com
All about Smart and Sustainable Mobility

Archives

November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930