Tesla Battery Maker CATL, Rival BYD Dominate Global EV Battery Market As Sector Records Nearly 35% Growth From January To August
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Tesla's battery supplier CATL and rival BYD dominate the global EV battery market, with a 34.9% growth in installations from January to August 2025, totaling 691.3 GWh. CATL leads with a 31.9% increase, while BYD follows with 50.3% growth. LG Energy Solutions ranks third with a 13.3% growth, and SK On is fifth with a 20.3% increase. CATL has a deal with GM for LFP batteries until 2027, and LG recently signed a $4.3 billion deal with Tesla.
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