CATL named most competitive Chinese auto parts supplier in Nikkei list

EV growth puts battery makers in top ranks

20231023N CATL 1

China's CATL is the world's largest producer of lithium-ion batteries used in electric vehicles. © Reuters

Nikkei staff writers

TOKYO -- Producers of electric-vehicle batteries enjoy strong growth potential in China, with CATL occupying the top slot in Nikkei's auto supplier ranking for that market.

With BYD coming in third and Eve Energy tied with another company for fourth place, battery makers fill three of the top five spots. This highlights how China has developed a powerful EV parts supply chain that leads the global market.

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