LG Energy Solution was once the world's leading power battery manufacturer, but was surpassed by CATL
ASD
BYD Auto
Ascend
GWh
ATL
LG
BY
Energy
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Fudi
power
capacity
market
dust
position
world
CATL
challenge
2023
Battery
industry
GW
2024-12-26 20:56
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LG Energy Solution was once the leader in the global power battery industry, but with the rise of CATL, LG Energy Solution's market position has been challenged. In 2023, CATL's installed capacity of power batteries reached 259.7GWh, ranking first in the world; while LG Energy Solution's installed capacity was 95.8GWh, surpassed by BYD (Fudi Battery), and its ranking dropped to third.
