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Just Two Chinese Companies Account for More Than 50% of the Global EV Battery Market

Chinese companies remain firmly in control of the global electric vehicle battery market, with two companies accounting for more than half of the industry’s entire production last year.

Battery giant CATL and EV manufacturer BYD together had 53% of the total market in 2023, with Korean and Japanese brands following far behind.

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The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


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