According to a data released by South Korean market research organization SNE Research on May 3, the total installed capacity of newly registered electric vehicles in the world increased by 38.6% year-on-year to 133 gigawatt hours (GWh) in the first quarter of this year. China's CATL ranked first with a market share of 35%, and BYD ranked second with 16.2%. The installed capacityof the two companies in the first quarter increased by 35.9% and 115.5% year-on-year, respectively, to 46.6 and 21.5 GWh.
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