| Company | Setups (GWh) | Market share (%) | Share vs prev month |
|---|---|---|---|
| CATL | 35 49 | 40 92 % | -0. 52 |
| BYD | 18 29 | 21 09 % | +0. 11 |
| CALB | 6 04 | 6 97 % | +0. 46 |
| Eve Energy | 5 03 | 5 80 % | -0. 15 |
| Gotion High-tech | 4 87 | 5 61 % | -0. 26 |
| Sunwoda | 3 24 | 3 74 % | +0. 28 |
| Rept Battero Power | 3 17 | 3 65 % | +0. 18 |
| Energee | 2 39 | 2 75 % | +0. 45 |
| Zenergy | 1 87 | 2 15 % | -0. 24 |
| Svolt Energy | 1 71 | 1 97 % | -0. 32 |
| LG Power Service | 1 13 | 1 30 % | -0. 73 |
| Yinpai Battery | 0. 67 | 0. 78 % | +0. 22 |
| Cornex | 0. 61 | 0. 71 % | +0. 06 |
| Deeiot Power | 0. 57 | 0. 66 % | -0. 01 |
| CNET | 0. 49 | 0. 57 % | +0. 18 |
- CATL remained the leader, yet its market share space with BYD narrowed for the fourth consecutive month.
- CALB held 3rd area on the whole and reached 2nd from fifth in the ternary battery section.
CATL (HKEX: 3750 continued to lead China’s EV battery market in September, but its market share declined further as BYD (HKEX: 1211 hugged the space with the industry leader.
CATL’s residential EV battery setups totaled 35 49 GWh for the month, placing it in first place with a 40 92 % share, according to information launched Thursday by the China Automotive Battery Advancement Alliance (CABIA).
The company’s installations increased about 9 1 % from 32 54 GWh in August , but growth delayed the wider market, prolonging its decline in market share.
China’s EV battery installations amounted to 87 2 GWh in September , up 14 7 % year-on-year and 10 4 % month-on-month, reaching a new high for the year for the second successive month.
BYD remained second with 18 29 GWh of installations, up concerning 11 1 % month-on-month. Its market share rose 0. 11 percentage factors from August to 21 09 %.
The marketplace share gap in between the 2 firms tightened to 19 83 percentage points from 20 47 percentage factors in August, marking the 4th successive month of constricting. With each other, they represented 62 01 % of the market, down from 62 43 % in August.
CALB (HKEX: 3931 kept third location with 6 04 GWh of installations and a 6 97 % share, up 0. 46 percentage factors from August.
Eve Power (SZSE: 300014 and Gotion Modern (SZSE: 002074 stayed fourth and fifth, with installments of 5 03 GWh and 4 87 GWh, respectively. Their market shares fell to 5 80 % and 5 61 %.
The top 5 manufacturers accounted for a mixed 80 39 % of the marketplace, slightly listed below August’s 80 76 %.
Sunwoda (SZSE: 300207 increased to sixth with 3 24 GWh of setups and a 3 74 % share, overtaking Rept Battero Energy (HKEX:666 The latter placed 7th with 3 17 GWh and a 3 65 % share.
Energee surpassed Zenergy to rate eighth with a 2 75 % share, while Zenergy and Svolt Energy put nine and tenth with shares of 2 15 % and 1 97 %, specifically.
LG Energy Option continued to be eleventh total, yet its installations was up to 1 13 GWh from 1 60 GWh in August, with its market share declining to 1 30 %.
In the ternary EV battery market, CATL preserved its lead with 8 34 GWh of installations and a 67 78 % share, while CALB climbed to second from fifth in August.
| Company | Setups (GWh) | Market share (%) | Share vs prev month |
|---|---|---|---|
| CATL | 8 340 | 67 78 % | +0. 95 |
| CALB | 1 380 | 11 23 % | + 6 95 |
| LG Energy Remedy | 1 130 | 9 16 % | – 5 32 |
| Svolt Power | 0. 780 | 6 31 % | – 1 40 |
| Sunwoda | 0. 410 | 3 35 % | – 1 82 |
| Zenergy | 0. 160 | 1 33 % | +0. 18 |
| Eve Power | 0. 060 | 0. 47 % | +0. 45 |
| Gotion Modern | 0. 030 | 0. 28 % | +0. 00 |
| Do-Fluoride | 0. 010 | 0. 04 % | +0. 03 |
| CNET | 0. 004 | 0. 03 % | N/A |
CALB’s ternary battery setups amounted to 1 38 GWh for the month, offering it an 11 23 % share and putting it ahead of LG Energy Option, Svolt Power and Sunwoda.
LG Energy Option slid to third with a 9 16 % share. Svolt Power and Sunwoda placed 4th and 5th, with shares of 6 31 % and 3 35 %, specifically.
Ternary battery setups totaled 12 3 GWh in September, down 10 9 % year-on-year yet up 11 7 % month-on-month, bookkeeping for 14 1 % of China’s complete EV battery installations.
Lithium iron phosphate (LFP) battery installments reached 74 5 GWh, up 19 9 % year-on-year and 10 3 % month-on-month, audit for 85 5 % of the total.
CATL stayed initial in the LFP market with 27 15 GWh of installations and a 36 48 % share, complied with by BYD with 18 29 GWh and a 24 58 % share.
| Firm | Installments (GWh) | Market share (%) | Share vs prev month |
|---|---|---|---|
| CATL | 27 15 | 36 48 % | -0. 82 |
| BYD | 18 29 | 24 58 % | +0. 17 |
| Eve Energy | 4 97 | 6 68 % | -0. 24 |
| Gotion Sophisticated | 4 83 | 6 49 % | -0. 29 |
| CALB | 4 66 | 6 26 % | -0. 60 |
| Rept Battero Energy | 3 17 | 4 26 % | +0. 22 |
| Sunwoda | 2 83 | 3 80 % | +0. 63 |
| Energee | 2 39 | 3 21 % | +0. 53 |
| Zenergy | 1 70 | 2 29 % | -0. 30 |
| Svolt Power | 0. 93 | 1 26 % | -0. 15 |
| Yinpai Battery | 0. 67 | 0. 91 % | +0. 25 |
| Cornex | 0. 61 | 0. 83 % | +0. 07 |
| Deeiot Power | 0. 57 | 0. 77 % | -0. 01 |
| CNET | 0. 49 | 0. 66 % | +0. 20 |
| Ganfeng | 0. 31 | 0. 42 % | +0. 14 |
The gap between their LFP market shares tightened to 11 90 portion points from 12 90 percent points in August. BYD’s domestic installments continued to be composed completely of LFP batteries.
Eve Energy held 3rd location in the LFP market with 4 97 GWh of setups and a 6 68 % share, while Gotion overtook CALB to rank fourth.
Gotion and CALB taped LFP battery installations of 4 83 GWh and 4 66 GWh, specifically, with shares of 6 49 % and 6 26 %.
In the very first 9 months of the year, China’s advancing EV battery setups amounted to 576 3 GWh, up 16 7 % year-on-year. CATL rated initially with 253 68 GWh and a 44 16 % share, up 1 41 portion factors from a year earlier.
BYD’s installations completed 106 44 GWh over the very same period, putting it in second area with an 18 53 % share, down 4 04 percent factors year-on-year.
CALB, Gotion and Eve Energy ranked third via 5th in collective installations for the initial 9 months, with shares of 6 44 %, 6 07 % and 5 39 %, respectively.
Within the battery segments, CATL led the ternary and LFP markets in the initial 9 months with shares of 73 42 % and 38 15 %, respectively. LG Energy Option rated 2nd in the ternary segment, while BYD was 2nd in LFP batteries.
China’s EV battery setups climbed 14 7 % year-on-year in September, with development slowing down for the second consecutive month.
