China's BYD ranked second among the largest manufacturers of traction batteries

China's BYD ranked second among the largest manufacturers of traction batteries

Bloomberg's publication of SNE Research indicates that the Chinese company BYD has been holding a second position in the world's largest traction battery suppliers for the second consecutive month. The second-ranking LG Energy Solution is now the third largest battery supplier in the world, and now the two largest battery suppliers have a "Chinese propiska", the leader with a large distance from the nearest competitors, remains CATL.

In August of this year, according to SNE Research, a Chinese company, BYD, released a total of 6.5 GWh of traction batteries, while LG Energy Solution gave it its 5.0 GWh. If a Chinese rival increased its production volume by 159% annually, the Korean company was able to increase it by only 16%.

==Career=="Solding" by Panasonic, Japan, is limited to a fourth place and 3.1 GWh of the combined capacity of the August batteries, the Korean SK On is ranked fifth from 2.2 GWh, Samsung SDI is only slightly smaller from its 2.1 GWh and sixth place, and China's CALB is ranked seventh, which this week entered the Shanghai stock market and was able to attract up to $1.3 billion to expand its production capacity.

Founded in 2015 by China ' s aerospace industry, CALB provides traction batteries with XPeng electric vehicles. From January to July of this year, the company was able to produce a total of 4.2 GWh, and all of it intends to put in place plants capable of producing 200 GWh of traction batteries each year. In a year, CALB expects to be in the top five world leaders and in five years ' time in a three-year period, and entering the stock market will help the manufacturer attract the capital needed for rapid business expansion.