According to Chinese news, the Market share of Lithium batteries for use in EVs is changing quickly, with market-dominant CATL losing 2.5% share to the rapidly expanding BYD.

One of the most interesting developments of the past 12 months is the huge growth in the use of Lifepo4 batteries, the growth rate of 147% year on year. Whereas, the installed base of ternary batteries was only 80.4%

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