Contemporary Amperex Technology Co, better known as CATL, is a company that manufactures batteries for electric cars and is now making news since 34.8% of the batteries used by electric vehicles during the first six months of 2022 are from the Asian giant.
CATL continues to dominate the battery market very firmly, where it scored more than 20 points with its closest competitor LG Energy Solution, which only reaches 14.4%, and BYD is further behind with 11.8%.
During the first semester, 203.4 GWh of batteries were installed in electric cars, of which 70.9 GWh correspond to the Chinese firm, which means a market growth of 6.2% compared to the same period in 2021.
The rise for this type of product is due to the multiple measures that have been taken in recent times, where Chile has also been favorable and it will only sell electric vehicles from 2035.
These types of measures have required an immediate boost from car brands for electromobility, which is why CATL has been the perfect ally of different firms such as Mercedes-Benz, Volvo, Tesla, Toyota, Volkswagen, Stellantis, Honda and BMW. .
Such is the domain of this company that for every three new electric cars, more than one includes the CATL battery. The reasons for such success are mainly due to the manufacturing capacity and reliability during these years.
CATL announced that by 2023 it will have new batteries called M3P, which will have a higher energy density than the current ones and at a lower cost.