Chinese battery manufacturers have extended their dominance over global supply, with the top two producers reaching a combined market share of 50 per cent, and leaving South Korean and Japanese rivals lagging behind.
CATL, supplier to carmakers including Tesla and Volkswagen, more than doubled battery sales to 165.7 gigawatt hours in the 11 months to the end of November, according to data from Korea’s SNE Research — enough for roughly 3.3mn average-sized electric vehicles.
That extends the company’s lead as the world’s biggest producer and takes its market share to 37.1 per cent, up from 32.2 per cent in 2021.
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