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China’s Installed 63.3GWh of New Energy Vehicle Batteries during 2020 up 1.8% YoY

China’s Installed 63.3GWh of New Energy Vehicle Batteries during 2020 up 1.8% YoY

Here is a graphic highlighting the gulf in production of the top 2020 manufactures. CATL’s accounts for almost 50% of China’s domestic installed capacity. CATL’s dominance of the industry will continue to grow exponentially over the next two years, leaving one to wonder how many of these companies will remain in the top 10 next year.

The European battery industry should take note, can several large battery manufactures really survive or will one dominate the industry similarly to Contemporary Amperex Technology Ltd. (CATL) CATL perhaps Northvolt.