BYD, backed by Warren Buffett's Berkshire Hathaway, has gone past LG Energy Solution as the world's second-largest electric vehicle (EV) battery producer, reinforcing China's dominance of the industry as EV adoption picks up pace globally.
The Shenzhen-based company, which is also the world's largest EV maker, now trails domestic rival Contemporary Amperex Technology (CATL), with the two players controlling a combined 52% of the global market, according to South Korea-based SNE Research.
