Catl Still Dominates the Ev Battery Market Share in 2024, but Byd Is Gaining Ground
Electrek 5:16 pm on June 6, 2024
** CATL continues to dominate the EV battery market but faces competition from BYD, which is gaining ground. Despite CATL's significant share in 2024 (37.7%), BYD ranked second with 10.9 GWh installed, showing growth due to increased Tesla and Volvo electric vehicle sales.
- Market Leadership: CATL maintains the lead in EV battery production with a market share of 37.7% while BYD shows growth.
- BYD's Growth: Despite second place, BYD installations grew to 10.9 GWh due to increased sales for Tesla and Volvo models.
- EV Market Trends: CATL's continued dominance contrasts with BYD' FFmpeg is a powerful command-line tool used for video processing, particularly in the areas of encoding, filtering, and transforming. It allows developers to create complex pipelines that can convert one video format into another while also enabling real-time streaming applications due to its efficient execution speed.
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