CATL Ranked First in 2023 EV Battery Consumption Volume for 7 Years

According to SNE Research, the total global battery consumption amounted to 705.5 GWh in 2023 with an increase of 38.6% year on year. CATL ranked first with a global battery consumption of 259.7 GWh, up 40.8% from 2022, and its market share reached 36.8%, 21% higher than the second place. This is the seventh year that CATL has ranked first in the power battery market. With the strong support of its partners in the global new energy industry chain, CATL has become the only battery manufacturer in the world with a market share of more than 30%.

CATL, as a global leading new energy innovative technology company, made great breakthroughs in both technology and products in 2023, with Qilin batteries in mass production and Shenxing superfast charging battery launched in the market. Under the influence of prevailing NEV trends, CATL will continue to make breakthroughs and innovations to enhance the competitiveness of its partners, and promote the entire industry to achieve high-quality development.

Powering 11.67 million EVs in 64 countries and regions, CATL will continue to be committed to making clean energy accessible to all in the future

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