GUANGZHOU -- China's electric vehicle powerhouse BYD is emerging as a strong rival to CATL, the leading producer of EV batteries, by taking over as the top seller of a low-cost variety.
Chinese EV maker grabs biggest market share in low-cost LFP cells
BYD has expanded its market share in batteries by placing them in its own vehicles, including the Seal. © Reuters
GUANGZHOU -- China's electric vehicle powerhouse BYD is emerging as a strong rival to CATL, the leading producer of EV batteries, by taking over as the top seller of a low-cost variety.