CATL, the little-known Chinese battery maker that has the US worried
CATL, the little-known Chinese battery maker that has the US worried
It is the world’s biggest battery maker, it powers electric vehicles for Tesla, Volkswagen and BMW, and its EV technology is miles ahead of US offerings, say experts
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Little known?
That's ridiculous. They pretty much control the LFP market.
I don't even know what LFP means so~
Little Feet People.
No it's Large Fluffy Penguins
Lithium iron phosphate. A type of lithium battery chemistry.
LiFePO4, it's the current standard chemistry for most high current applications
In the first half of the year, BYD commanded a leading 43.7% share among vehicles running on LFP batteries, according to data from the China Automotive Battery Industry Innovation Alliance. In the months between January and November, BYD held a 41.1% market share, besting CATL's 33.9% share
That's still far from little known. If we're going by public perception, nobody knows wtf BYD is either. If we're going by industry knowledge, both are 300 lb gorillas. And I'm suspecting something wrong with that number, because CATL was the undisputed big boy in vehicle batteries a couple years ago.