Chinese battery makers invest $90B in overseas plants

CATL, BYD, Gotion and other Chinese battery makers have invested about $90 billion in overseas production and supply chains since 2023. Their combined share of the global EV battery market excluding China rose to 56.2% in January–August, while LG Energy Solution, Samsung SDI and SK On fell to 26.8%.

• Six Chinese makers raised their ex-China share by 12.6 points to 56.2%
• The three Korean makers lost 11.1 points, falling to 26.8%
• BYD's ex-China battery installations rose 66.5% to 39.7 GWh
• LFP share of the ex-China market grew from 15.6% to 27.5%