China's power battery market concentration increases, leading companies have obvious advantages

According to data from the China Automotive Power Battery Industry Innovation Alliance, in the first four months of this year, the cumulative installed capacity of power batteries in my country reached 120.6GWh, a year-on-year increase of 32.6%. The market share of the top 10 companies reached 96.0%, showing an obvious leading effect. Among these 10 companies, 5 are A-share listed companies, namely CATL, BYD, EVE Energy, Guoxuan High-tech and Xinwanda. These companies have shown strong competitive advantages in market competition.