Etiqueta: CATL

The Electric Vehicle Battery Technology Market, valued at USD 98.65 billion in 2025, is set to reach USD 156.95 billion by 2031, growing at a CAGR of 8.05%. Key trends include the rise of sodium-ion batteries, known for their cost efficiency and safety, and the expansion of gigafactories worldwide, driven by technological scaling and logistical needs. The market is propelled by rapid EV adoption, government mandates, and increased urbanization. Dominated by Asian manufacturers, the market sees s

CATL's domestic battery installations in China totaled 20.91 GWh in January, ranking first in the overall market, LFP battery segment, and ternary battery segment.

Chinese automaker and battery manufacturer BYD reports progress on novel battery types that could lead to more affordable electric vehicles in the future.

BYD said that the mass production timeline for its sodium-ion batteries will be determined based on market and customer demand.

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CATL and BYD's combined EV battery installations in 2025 came in at 659.5 GWh, accounting for 55.6% of the global total.

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