China's passenger car BMS installation volume increased by 38.5% year-on-year in the first half of the year, with local companies dominating

In the first half of 2024, the installed capacity of BMS for passenger cars in China reached 4.03 million sets, an increase of 38.5% year-on-year. In the BMS product market, the combined market share of Farasis Battery and CATL exceeds 50%. Thanks to its active market development, Li Gao has achieved remarkable growth of over 60%. The fastest growing character was Doctor Octopus, which exceeded 200%. Among these companies, except Tesla, the rest are domestic companies.