Most Viewed Content:

Toyota responds to continued production cuts in the next 3 months: easing pressure on dealer earnings

In response to the news that "production will continue...

OpenAI Launched Assistants API, Allowing Developers to Customize AI Assistants with One Click

At today's OpenAI's first developer conference, OpenAI launched the...

India’s censorship body gave power to remove pirated Movies from platforms

India’s Ministry of Information and Broadcasting announced that its...

BYD clings to second place as the world’s largest EV battery manufacturer

At its launch, the BYD Blade got head spinning, its structure and performance are spectacular. But the blade battery exists in a world where there is a high adoption rate for electric vehicles. This high demand makes the EV battery production market very competitive.

But the Chinese EV maker is showing its strength and resolution by maintaining a top spot in the industry. For the last two months, BYD has kept its feet firmly in second place in EV battery production. This means that it has displaced LG Energy to attain second place.

BYD

Currently, the global EV battery market shares of the Chinese EV manufacturer are at 15.9%. This is against the 12.5% of its closest rival, LG Energy. The growth of BYD’s share in the market is impressive because last year they were sitting under the likes of LG and Panasonic. 

With the competition below them, BYD now sits below CATL which has a share of 33.9%. Reaching CATL will call for serious hard work in the alert of the current second place in the global EV battery market. The growth of BYD to second place might be due to a cut in Tesla production.

Yes, LG Energy is one of the big suppliers of batteries to Tesla. A drop in the production of Tesla vehicles would mean a drop in the shares or profit of the LG battery business. But, due to its safe build, a lot of manufacturers are welcoming a switch to the Blade batteries, hence surging its production.

Latest

Samsung Galaxy C55 appears on Geekbench, with Snapdragon 7 Gen 1 chip

The Samsung Galaxy C55 phone, which has passed multiple...

Beijing Auto Show unveiled, Leapmotor C16 application information exposed

Recently, we discovered the Leapmotor C16 from the latest...

GWM Tank 500 Hi4-Z declaration drawing exposed

Recently, we saw the application drawing of the Tank...

Roewe iMAX8 hybrid version application chart revealed

We obtained the application information for the hybrid version...

Newsletter

Don't miss

Samsung Galaxy C55 appears on Geekbench, with Snapdragon 7 Gen 1 chip

The Samsung Galaxy C55 phone, which has passed multiple...

Beijing Auto Show unveiled, Leapmotor C16 application information exposed

Recently, we discovered the Leapmotor C16 from the latest...

GWM Tank 500 Hi4-Z declaration drawing exposed

Recently, we saw the application drawing of the Tank...

Roewe iMAX8 hybrid version application chart revealed

We obtained the application information for the hybrid version...

New Chery Jetour X70 Plus application image exposed

Recently, we discovered the new Jetour X70 PLUS from...
Collins Eshiet
Collins Eshiethttps://www.techgoing.com
I am a writer solely interested in covering issues of importance to the tech community.

Xiaomi Redmi Pad Pro passes 3C certification, supports 33W charging

A Xiaomi tablet with model number "2405CRPFDC" appeared at the China Quality Certification Center, showing that it supports up to 33W charging. It should...

Samsung Galaxy M55 phone comes standard with 45W fast charging cable

The Galaxy M55 phone released by Samsung last month was the company’s first mid-range smartphone to support 45W fast charging technology. After receiving the...

Bentley Bentayga S dazzling black version official image released

Recently, Bentley Motors released the official photos of the Bentayga S Black Edition. This is the first time in 105 years that the Bentley...