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Combined Market Share of CATL and BYD in Power Batteries Hits 70% in 2024
2025-01-19 /
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Author：小编
According to Cui Dongshu, Secretary-General of the China Passenger Car Association, the power battery market witnessed intense competition in 2024, with CATL and BYD emerging as the two dominant players. BYD's market share surged from 15% in 2020 to 25% in 2024, peaking at 26% in the fourth quarter. Conversely, CATL's market share declined to 43% in the same period.
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