Battery Cell Data In March Showed a Trend of Two Oligopolies Leading The Pack and LFP Dominating The Screen!

According to the latest data on battery cell installation in March, CATL is far ahead in terms of market share with a share of 46.18%, followed by BYD with 26.66%. The two together account for 72.84% of the market share, forming a duopoly. In terms of telecommunications types, lithium iron phosphate batteries account for 80.71% of installations. They firmly occupy a dominant position. From the data, the industry may be able to get a glimpse of the important characteristics and development trends of the current battery cell market, but there are still many variables in the future development of the battery cell market.