China’s LFP Cathode Shipments Hit 3.94 Mt in 2025 as Market Share Nears 80%
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.
Latest in EV news, technologies, data and insights from China market
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 Oct, CATL led the market with 36.14 GWh of battery installations, followed by BYD with 17.89 GWh, both constituting more than 60% of the total market share in China.
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 so-called semi-solid-state battery introduces partial solid electrolytes into traditional liquid electrolyte systems—a transitional solution toward all solid-state batteries.
The adjustment is primarily aimed at accelerating vehicle deliveries while ensuring that customers remain eligible for the national NEV purchase tax incentives.
The race to mass production points to 2027 as solid-state batteries’ commercial debut.
CATL and BYD together account for 55.7% of global EV battery usage in H1 2025; six Chinese firms rank top ten.