CATL nears 40% global share as Chinese battery makers claim 72.8% of the market

Worldwide EV battery installations reached 725.2 GWh across the first seven months of 2026, a 20.4% jump from a year earlier, according to SNE Research. July alone added 116.0 GWh, up 22.1%.

CATL kept its grip on first place with 289.6 GWh, a 26.6% gain that pushed its share to 39.9% — just shy of the 40% mark. BYD, by contrast, grew a mere 4.7% to 106.7 GWh, and its share slid from 16.9% to 14.7%. The two still command 54.6% of the world market together, marginally lower than the 54.9% they held last year.

Chinese suppliers dominated the growth story elsewhere in the ranking: Eve Energy surged 53.1%, Gotion climbed 44.2%, and Rept Battero exploded 118.5% to crack the top 10 for the first time, displacing Sunwoda. SK On was the only top-10 player to shrink, dropping 9.8%. In all, the seven Chinese firms in the ranking held 72.8% of the global market, up 3.1 percentage points year-on-year.

Regionally, South America grew fastest at 192.6%, followed by Asia outside China at 77.1% and Europe at 29.3%. North America contracted 20.2%, with battery-electric vehicles slipping to roughly 6% of new US sales after federal EV tax credits expired at the end of September 2025.