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Benzinga
Benzinga
Business
Rachit Vats

This Tesla, Nio Battery Supplier Has Regained Over Half The Market Share In China

Tesla Inc. China CATL Nio Inc

Tesla Inc (NASDAQ: TSLA) and Nio Inc (NYSE: NIO) battery supplier Contemporary Amperex Technology Co., Ltd (CATL) installed 10.81 GWh of power batteries in China in March, grabbing 50.49% market share, CnEVpost reported on Tuesday, citing China Automotive Battery Innovation Alliance (CABIA).

What Happened: Ningde, China-based CATL in February had a market share of 48.02%, down from 50.24% in January, with 6.57 GWh of installed capacity. 

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