China Corners Half of Global Battery Market, KARS Captures
January 04, 2023 at 12:13 PM EST
Two Chinese companies, Contemporary Amperex Technology Co and BYD, have collectively surpassed more than 50% market share of the global battery market, reported Financial Times. Contemporary Amperex, more commonly known as CATL, is the largest producer of batteries worldwide and doubled battery sales last year through November, creating enough batteries for 3.3 million standard-sized EVs. [...] The post China Corners Half of Global Battery Market, KARS Captures appeared first on ETF Trends .