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Top EV battery makers' market share in China in September 2026: CATL 40.92%, BYD 21.09%

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Top EV battery makers' market share in China in September 2026: CATL 40.92%, BYD 21.09%

CATL (HKEX: 3750) continued to lead China's EV battery market in September, but its market share declined further as BYD (HKEX: 1211) kept closing the gap with the industry leader.

CATL's domestic EV battery installations totaled 35.49 GWh for the month, putting it in first place with a 40.92% share, according to data released Thursday by the China Automotive Battery Innovation Alliance (CABIA).

The company's installations rose about 9.1% from 32.54 GWh in August, but growth lagged the broader market, extending its decline in market share.

China's EV battery installations totaled 87.2 GWh in September, up 14.7% year-on-year and 10.4% month-on-month, reaching a new high for the year for the second consecutive month.

BYD remained second with 18.29 GWh of installations, up about 11.1% month-on-month. Its market share rose 0.11 percentage points from August to 21.09%.

The market share gap between the 2 companies narrowed to 19.83 percentage points from 20.47 percentage points in August, marking the fourth consecutive month of narrowing. Together, they accounted for 62.01% of the market, down from 62.43% in August.

CALB (HKEX: 3931) retained third place with 6.04 GWh of installations and a 6.97% share, up 0.46 percentage points from August.

Eve Energy (SZSE: 300014) and Gotion High-tech (SZSE: 002074) remained fourth and fifth, with installations of 5.03 GWh and 4.87 GWh, respectively. Their market shares fell to 5.80% and 5.61%.

The top 5 manufacturers accounted for a combined 80.39% of the market, slightly below August's 80.76%.


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