How China’s BYD and CATL came to dominate Tier 1 battery supply

Robot arms assemble a battery pack on a construction line

Chinese battery players BYD and CATL have doubled their share of Tier 1 battery supply in the past five years, according to Benchmark’s Lithium ion Battery Database. Responsible for 32% of Tier 1 production in 2019, the two companies are expected to account for 65% of supply this year, despite almost all companies increasing production […]

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