CATL Overtakes LG as Top EV Battery Supplier for Markets Outside China

Contemporary Amperex Technology Co. Ltd. (CATL) has stolen LG Energy Solution Ltd.’s crown as the biggest supplier of electric vehicle (EV) batteries in markets outside China for the first four months of 2024.

Fujian province-based CATL’s share of non-China markets rose to 27.4% of installed capacity, up from 26.9% during the same four months in 2023, according to a report published Monday by Seoul-based consultancy SNE Research. South Korea-based LG Energy Solution’s share of installed capacity slipped to 25.7% for the period.