Global Installed Capacity Of Batteries For Electric Vehicles Soared During January-October, With CATL Dominating

Published: Dec 6, 2023 16:15
Data released by South Korean market research organization SNE Research on December 6 shows that from January to October this year, the installed capacity of batteries for electric vehicles (electric, plug-in hybrid, hybrid) registered globally totaled 552.2 gigawatt hours (GWh), a year-on-year increase of 44%.

Data released by South Korean market research organization SNE Research on December 6 shows that from January to October this year, the installed capacity of batteries for electric vehicles (electric, plug-in hybrid, hybrid) registered globally totaled 552.2 gigawatt hours (GWh), a year-on-year increase of 44%. In the first 10 months of 2023, CATL’s power battery installation volume increased by 51.1% year-on-year, ranking first in market share.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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