China EV Battery Installations Hit 26.3 GWh in Feb as CATL Holds 49.1%
The top ten battery manufacturers recorded combined installations of 24.8 GWh, accounting for 94.3% of total installations.
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The top ten battery manufacturers recorded combined installations of 24.8 GWh, accounting for 94.3% of total installations.
Chinese battery suppliers dominated global market with a combined 73.3% share among the top 10 companies.
China’s demand for LFP materials is expected to reach 6 million tonnes in 2026, with overall industry growth expected to remain in the 40%–50% range.
Six of the world’s top 10 EV battery manufacturers by installed capacity are Chinese companies, with a combined 644.4 GWh and a 68.9% global market share.
China’s NEV market surged in 2025, with significant production increases and evolving powertrain supplier dynamics noted in the report.
In Jan–Sep 2025, six Chinese companies ranked among the global top 10 in EV battery installations, with CATL and BYD accounting for 54.5% of the total.
The race to mass production points to 2027 as solid-state batteries’ commercial debut.
Zhongling New Energy is jointly funded by CALB (03931.HK) and Leapmotor (09863.HK), holding 51% and 49% of the shares, respectively.