China’s CATL Extends Lead as World’s Top EV Battery Maker

China’s CATL Extends Lead as World’s Top EV Battery Maker

(Bloomberg) - Contemporary Amperex Technology Co. Ltd.’s share of the electric-vehicle battery market continues to grow, according to the latest data from Seoul-based SNE Research, which show the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.

CATL sold a total of 165.7 gigawatt-hours of batteries in the January-November period, almost three times as much as second-placed BYD Co., another Chinese battery maker. South Korea’s LG Energy Solution slipped to third, SNE said in a report published Wednesday.

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GLP partners with CATL through joint venture GCTL to expand the use of clean energy in logistics and transportation. The JV explores a range of opportunities including expanding the use of new energy through asset-as-a-service offerings, creating smart energy systems for commercial properties, providing renewable energy to logistics assets and expanding energy storage capabilities for rooftop solar panels and also test the viability of autonomous vehicles in logistics management and transportation to advance sustainability in logistics and transportation.