Chinese companies performed well in power battery installations in the first three quarters of 2024

In the global power battery installation volume from January to September 2024, Chinese companies performed well. Among them, CATL continued to top the list with an installation volume of 68.1GWh, a year-on-year increase of 7.4%, and a market share of 26.3%. BYD installed 10.4GWh, a year-on-year increase of 149.8%, with a market share of 4.0%, and maintained its ranking of 6th. Sinotruk installed 5.6GWh, a year-on-year increase of 406.5%, and the growth rate was still the highest among the TOP10 companies, with a market share of 2.2%, ranking 8th. Farasis Energy installed 4.8GWh, a year-on-year increase of 51.9%, with a market share of 1.8%, ranking 10th.