Global electric vehicle (EV) battery installations rose sharply in the first ten months of the year, with China’s Contemporary Amperex Technology Co. Ltd. (CATL) extending its lead in the market while rival BYD saw its share edge lower despite higher volumes.
Total global EV battery installations reached 933.5 gigawatt-hours (GWh) from January to October, up 35.2% from 690.7 GWh a year earlier, according to data released by South Korean market research firm SNE Research.
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CATL posted installations of 355.2 GWh over the period, marking a 36.6% increase from 260 GWh a year earlier. The Chinese battery maker held a 38.1% global market share in the January–October period, remaining the only supplier with a share above 30%.
The figure was higher than its 37.6% share in the same period of 2024 and also above the 36.6% recorded in January–September this year. “Global EV battery installations totaled 933.5 GWh from January to October,” SNE Research said in its report.
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BYD ranked second with battery installations of 157.9 GWh, up 36.1% year-on-year from 116 GWh. Its global market share stood at 16.9% in the first ten months of the year, slightly higher than a year earlier but below the 17.9% share recorded in the January–September period. South Korea’s LG Energy Solution placed third, installing 86.5 GWh for a 9.3% market share, down from 11.1% a year earlier.
China’s CALB ranked fourth with a 4.7% share, followed by Gotion High-tech, which moved into fifth place with 4.1%, overtaking South Korea’s SK On, now sixth with 4.0%. Japan’s Panasonic, South Korea’s Samsung SDI, China’s Eve Energy and Svolt Energy rounded out the top ten with shares ranging between 3.8% and 2.5%. Panasonic had ranked sixth with a 4.1% share in the January–September period.
