Reviews Tesla competitor in the fast lane: BYD now the no.2 for e-car batteries

07:40  30 september  2022
07:40  30 september  2022 Source:   finanzen.net

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BYD (Build Your Dreams) was able to further improve its market position in electric vehicle battery cells in July and has risen to global No. 2.

MIKE CLARKE/AFP/Getty Images © provided by Finanzen.net Mike Clarke/AFP/Getty Images

• Electric cars in China on the advance

• BYD strong for electric cars and batteries

• Chinese manufacturers dominate market for e-car batteries

for the first time in the investor focus moved BYD in 2008 when Berkshire Hathaway took part in the investment company of Börsengurus Warren Buffett in the car manufacturer based in Shenzhen. After that, it initially became quiet around the group, which was mainly due to the fact that BYD mainly focused on the Chinese market.

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But then a bang followed at the beginning of July 2022: The Chinese electric car maker was able to pass the number of extraditions for the first half of to industry leader Tesla . The fact that Tesla production in Shanghai had been severely affected by Corona Lockdown measures, which BYD was able to produce unhindered in the south of China.

Ascent to e-vehicle batteries

According to the South Korean analysis company SNE Research, BYD has now been successful in July 2022: As "Bloomberg" reports on Sne data, BYD moved to the LG belonging to South Korean Group Energy over and thus rose to the world's second largest manufacturer of batteries for electric vehicles. remained at the top of the Chinese battery giant Catl (Contemporary Amperex Technology), which produced batteries with a total capacity of 13.3 gigawatt hours (GWH), followed by BYD with 6.4 GWh. LG Energy with 4.4 GWh has fallen back to third place, followed by the Japanese

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group with 2.9 GWh. For comparison: worldwide, battery sales in July amounted to 39.7 GWh - an increase of 80 percent compared to the corresponding month of the previous year. With this, Chinese manufacturers now clearly dominate the market for electric vehicle batteries. In the Middle Kingdom, increasing petrol prices are currently ensuring that interest in electric cars increases significantly. In addition, the manufacturers are increasingly electrifying their fleets.

is considered the seven-month period January to July 2022, the distribution of the market, according to the SNE data, remained unchanged: Catl remained the market leader with 34.7 percent, followed by LG Energy with a market share of 14.2 percent and BYD with 12, 6 percent.Redaction finanzen.net

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