Recently, data released by the Korean market research institution SNE Research show that in October 2022, the global electric vehicle battery installed capacity reached 48 GWH, an increase of 73.6%year -on -year, and maintained a steady growth for 28 consecutive months.
In October, CATL installed 18.1 GWh, an increase of 88.8%year -on -year, with a market share of 37.6%. In the global electric vehicle battery installation list, Ningde Times has always led with great advantages, and this time is no exception. In the Ningde era, the installation volume was almost twice as much as the second BYD, and it was more than three times that of the third LG new energy.
BYD once again surpassed LG's new energy with the advantages of 2.4 GWH. BYD's market share has increased from 11.6%in the same period last year to 16.2%, becoming the world's second largest electric vehicle battery supplier. In contrast, LG's new energy installation volume increased by only 30.2%, and the market share loss was nearly 4 percentage points.
