CATL and BYD Battery Market Share in China: July 2026
In July 2026, China's power battery installations grew 33.5% year-on-year to 74.6 GWh, but fell 2.5% month-on-month. CATL led with 42.33% market share, down from its January 2024 peak. BYD's share rose to 19.23%, narrowing the gap with CATL. Together, they controlled 61.56% of the market, up from June. LFP chemistry dominated, with BYD and CATL leading the segment.
How this was made
The 30-second read
Why it matters
The data suggests a gradual compression of CATL's lead as BYD gains share, especially in the LFP segment.
Market read
Battery market concentration trends are relevant for investors in EV, battery, and lithium sectors.
What to watch
Potential policy changes or raw material price volatility could alter the competitive balance.
Background
The article provides the latest monthly battery installation figures for China, highlighting market share trends for CATL and BYD.
Ticker impact
July 2026 data shows BYD's battery installations rose to 14.26 GWh, increasing its market share to 19.23% in China.
Modest upside if share gains continue, especially on news of external battery sales.
Share gain reflects operational strength and market trend toward LFP, but impact limited to niche investors.
Market effects
Concentration in battery market may pressure component suppliers and affect pricing dynamics.
China's EV battery landscape remains dominant, influencing regional supply chains.
Battery market share shifts affect global lithium demand forecasts.
Counterpoint
Despite share gains, BYD's reliance on internal vehicle sales could limit broader market impact.
Key entities
- CompanyCATL
China's largest battery supplier, experiencing a gradual share decline.
- CompanyBYD
Vertical integrator gaining market share in LFP batteries.
