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Chinese battery makers brace for price war to supply EV producers

CATL, BYD fight it out as charging speed and safety still major concerns

CATL holds 43% of the Chinese EV battery market while Warren Buffett-backed BYD has about 30%. (Nikkei montage/Source photos by AP and Getty Images)

China, the world's biggest maker of electric vehicles, is poised to become a battleground for a price war between the two largest producers of the batteries that power EVs.

Contemporary Amperex Technology, better known as CATL, holds 43% of domestic market share while Warren Buffett-backed BYD, which makes both electric cars and batteries, has about a 30% share. The next largest producer clings to just 8.55% of the market.

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