Cui Dongshu, the Secretary-General of the China Passenger Car Association, highlighted in an article that within the fiercely competitive landscape of battery companies, Contemporary Amperex Technology Co. Limited (CATL), also known as Ningde Times, and BYD emerge as notably robust players. It is anticipated that by 2026, these two industry giants will continue to command a substantial 64% of the market share, leaving ample room—over 35%—for other companies to grow and develop. This year has witnessed remarkable performances from companies such as Guoxuan High-Tech, SVOLT Energy Technology, Geely Yaoning, and Chuheng New Energy. With BYD's comprehensive shift towards lithium iron phosphate batteries, the competitive edge of CATL, SVOLT Energy Technology, and other players in the ternary battery sector has become increasingly pronounced. Moreover, the recent surge in demand for high-end plug-in hybrid models has further fueled the expansion of the ternary battery market.