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China’s Top EV Battery Makers Lose Their Market Share – SCMP

BYD’s market share dropped from 25.2% in July to 21% in August, while smaller maker Farasis took a 2.3% share, up from 0.5%, South China Morning Post said.


BYD Chinese electric vehicle
BYD Chinese electric vehicle File photo: Reuters

 

China’s leading electric vehicle battery makers lost market share to smaller rivals in August as competition heats up in the fast-growing sector, South China Morning Post reported.

BYD’s market share dropped from 25.2% in July to 21% in August, said the report, with Contemporary Amperex Technology Limited’s share declining from 47.2% to 46.8%. Smaller maker Farasis took a 2.3% share, up from 0.5%.

 

Read the full report: The South China Morning Post

 

Read more:

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Toyota to Triple Spending on EV Battery Plant in US

China’s BYD Plans EV Production in Thailand – Nikkei

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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