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As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL still owns over a third of the market, but BYD looks to close the gap with new lower-priced EVs.

CATL and BYD are still the EV battery market leaders

Through the first four months of 2024, global EV battery consumption reached 216.2 GWh. That’s up 21.8% from the 177.6 GWh last year.

CATL had the largest share by far, with 81.1 GWh installed, up 30% YOY (62.6 GWh). According to new data from South Korean research firm SNE Research, CATL accounted for 37.7% of the market through April 2024.

The EV battery giant supplies top-selling models, including the Tesla Model 3, Model Y, BMW iX, Mercedes EQ series, and Volkswagen ID series, in China.

With two new planned overseas plants, CATL looks to expand outside of China. The new factories come in addition to the six already planned in Germany, Thailand, Hungary, Indonesia, and two in the US.

Despite a slow start to 2024 due to the Chinese New Year, BYD saw solid sales growth. BYD ranked second with a 15.4% share.

CATL-BYD-EV-battery
BYD store in Thailand (Source: BYD)

BYD’s battery installations hit 33.2 GWh through April, up 18.3% from last year. The company’s market share was up from 14.3% through March.

With a series of new, low-priced vehicles hitting the market, BYD looks to close the gap throughout the year. BYD’s cheapest EV, the Seagull Honor Edition, starts at just $9,700 (69,800 yuan) in China.

BYD-Seagull-EV
BYD Dolphin Mini (Seagull) testing in Brazil (Source: BYD)

Most recently, BYD launched its fifth-gen Dual Motor (DM) hybrid tech. BYD’s DM 5.0 has fuel consumption as low as 2.9 liters per 100 km with over 1,300 miles (2,100 km) CLTC range.

According to BYD chairman and president Wang Chuanfu, that’s three times more than traditional gas-powered vehicles.

CATL-BYD-EV-battery
BYD’s wide-reaching portfolio (Source: BYD)

Are South Korean battery makers falling behind?

According to the report, the top three South Korean EV battery makers represented 22.8% of the market, down 2.4% YOY.

LG Energy Solution was the largest among the three, accounting for 13% of the market. LG’s consumption was up 7.8% from last year at 28 GWh.

Rank Top Ten Global EV Battery Makers
(January to April 2024)
Market Share
1 CATL 37.7%
2 BYD 15.4%
3 LG Energy Solution 13%
4 Samsung SDI 5.1%
5 SK On 4.8%
6 Panasonic 4.7%
7 CALB 4.3%
8 Eve Energy 2.3%
9 Gotion 2.2%
10 Sunwoda 2.0%
Top ten EV battery makers in 2024 (Through April)

The growth was fueled by higher Tesla Model 3, Model Y, Ford Mustang Mach-E, and Hyundai IONIQ 6 sales in Europe and North America. The report notes that GM’s Ultium Cells is expected to lead the North American market with batteries that meet the IRA, which could help boost LG’s market share.

GM’s new electric vehicles, including the Chevy Equinox EV, Blazer EV, and Silverado EV, are hitting the North American market.

Chevy-Blazer-EV
2024 Chevy Blazer EV RS (Source: GM)

Ford also kicked off production of the electric Explorer this week in Europe based on Volkswagen’s MEB platform.

Meanwhile, Samsung SDI saw the highest growth rate at 32.9%, installing 10.9 GWh through April. Samsung placed fourth with a 5.1% share.

Samsung’s growth was boosted by higher BMW i4, i5, iX, and Rivian R1T and R1S sales.

Rivian-R1S
Rivian R1S (Source: Rivian)

Korea’s SK On was fifth with 4.8% of the market, with 10.3 GWh installed, down 2% from last year.

With the refreshed Hyundai IONIQ 5 and Kia EV6, equipped with SK’s fourth-gen batteries rolling out, sales are expected to recover.

The only Japanese automaker to make the top ten, Panasonic placed sixth with 10.2 GWh, down 29.5% YOY. Panasonic held 4.7% market share.

CALB (4.3%), Eve Energy (2.3%), Gotion (2.2%), and Sunwoda (2.0%) rounded out the top ten EV battery makers through April 2024.

Source: CnEVPost, SNE Research

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Tesla can’t buy land in Australia because CEO Elon Musk is so ‘[redacted]’ 

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Tesla can't buy land in Australia because CEO Elon Musk is so '[redacted]' 

Tesla is trying to use a piece of property in Australia, near Adelaide, in order to build a battery factory and Tesla showroom. But it’s facing steep opposition from locals, most of whom cite dissatisfaction with Tesla CEO Elon Musk as their reason to oppose the project.

The plans center on Marion, a small city of population 4,101, a suburb of Adelaide, the capital of South Australia.

Last month, a developer submitted plans to use a piece of land referred to as Chestnut Court Reserve, which has been inaccessible to the public since 2016 due to contamination concerns. Plans to develop the location would involve a requirement to clean up the contamination on the site.

They would also involve the cutting of several trees on the site, some of which have been deemed as “dead or ill health,” with a plan to plant trees at another site to make up for any removals.

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The developer said it would use this land to build a new fit-for-purpose factory facility that would be used by Tesla both as a showroom and service center for Tesla vehicles, and also a facility that could be used for “repurposing of Tesla batteries.”

The plan doesn’t go too deep into the specifics of how said repurposing would happen, but it could involve using Tesla vehicle batteries in Powerwalls, or in Tesla’s Powerpack grid storage projects, which are quite popular in South Australia, where they have helped to solve some of the region’s significant power stability problems.

The developer makes the case that Tesla already has a presence in the area in neighboring Tonsley, that Tesla’s mission (and the specific mission of a battery recycling center) supports the environmental goals of the community, and that the facility would create around 100 full-time jobs in the local community, including highly skilled jobs like battery researchers.

All in all, the developer thinks it would inject $56 million into the local community, quite a nice chunk of change for the small town.

And the city council also supports the plan, thinking that the job and economic benefits are worth it, particularly given that the land is not being used for anything else.

The plans were submitted, the residents were consulted, and now that all the chips are on the table… the residents aren’t having it.

Residents respond with a lot of language we shouldn’t say here

The local community gave significant pushback to this idea, with some ~95% of residents disapproving the plan. The city received 948 comments on the plan, which sounds like quite a lot for a city of 4,101 people. However, half of those comments came from outside the city’s area.

But among those comments from the immediate area of the development, only 11 comments favored the plans, with 121 opposing them (that’s 92% opposition).

Among the comments (quoted by The Guardian) come these gems, which wonderfully showcase the stereotypical Australian predilection for colorful language:

  • “Because Elon Musk is a [redacted] human being and a [redacted]!”
  • “Elon Musk and Tesla are a [redacted] on humanity”
  • “Elon Musk is a full blown [redacted]”
  • “Destroying trees to build a factory for a company owned by a [redacted] would be a vile choice”
  • “We should not support and put money in the pockets of a [redacted] who openly [redacted] salutes, is [redacted] human”

We’ll let you try to fill in some of those words, though we’re pretty sure what some of them are (and, honestly, while I somewhat understand the point of redacting profanity in public records, I’d say it is a little absurd to redact “nazi”).

The plans haven’t received their final vote yet, and the council still seems like it wants to convince the local community to go forward with them. But some residents suggest that the site could be better used by other companies, and that alternate uses could help to preserve that land and also avoid potential image concerns for the area as protests against Tesla continue globally.

Some other comments, perhaps wrongly, called the possible building “a noisy, ugly, planet-destroying temple to billionaires.”

While it’s disappointing to see a proposed recycling facility referred to thusly (although Tesla does have a questionable history when it comes to following local environmental rules), it’s just another sign of how Tesla CEO Elon Musk is drastically affecting the brand, and holding it back from its stated mission to advance sustainable transport.

Response shows once again that Musk is harming Tesla

The responses show just how damaging Tesla CEO Elon Musk has been to the company with his recent public advocacy, which has included performing back-to-back unambiguous Nazi salutes in front of a large crowd, agreeing with a defense of Hitler’s actions in the Holocaust, and many other white supremacist statements.

His advocacy hasn’t been limited just to the United States, where he is currently working to balloon the US deficit and is the largest funder of the republican party who are trying to tax EVs and send US jobs to China. He’s also meddled in other countries’ politics, including support for German neo-Nazis.

These actions have driven protests against the companyembarrassed owners and pushed many customers away, and even resulted in a hack that doxxed many Tesla owners.

The backlash, like Musk’s advocacy, has been global. Tesla sales are dropping in most regions, even as EV sales rise as a whole. Specifically in Australia, Tesla sales saw a big drop year-over-year. And this has applied to corporate customers too, with Tesla losing corporate sales as multiple companies have cited their distaste with the CEO.

While Musk has tried to brush these falling sales numbers off, it’s clear that he personally is doing incredible brand damage to the company.


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Plenty of Tesla alternatives and a new Ford Pro team to help pay for them

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Plenty of Tesla alternatives and a new Ford Pro team to help pay for them

For years, Tesla has been the go-to EV recommendation for “normals” looking for a painless, low-effort experience from their first electric cars, but Elon Musk’s political antics are causing people to shop elsewhere. On today’s episode of Quick Charge, we’ll discuss some options … and how you might be able to pay for them!

Speaking of Tesla alternatives, the Ford F-150 Lightning is the electric truck sales king once again, while the E-Transit van is now selling for the same (or less) than the gas version and Ford Pro launches a new incentive consulting service to help you pay for them.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

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Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.


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BYD takes control in another key EV market as its global push heats up

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BYD takes control in another key EV market as its global push heats up

The world’s leading electric vehicle (EV) maker is rapidly expanding overseas. After taking control of vehicle sales in Germany last year, BYD is about to do the same in another key overseas EV market.

BYD to take control of EV distribution in Australia

Last August, BYD reached an agreement with Heden Mobility Group to acquire Heden Electric, which was responsible for importing its vehicles and spare parts for sale in Germany.

The move gives BYD more control over pricing and other areas of distribution as it expands the brand overseas. By taking over control, the company can sell its vehicles directly to buyers. And, it can also set prices.

According to EVDirect, BYD’s official distributor in Australia, the company is preparing for a similar move in the region. Luke Todd, founder and chairman of EVDirect, said the takeover would help unlock BYD’s potential in Australia.

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Todd said the first phase was proving that the “BYD brand would thrive here,” and the next phase will make EV ownership “easier and more accessible than ever.”

BYD-control-EV-distribution
BYD Sealion 7 electric SUV (Source: BYD)

Since launching its first vehicle, the Atto 3 SUV, in 2022, BYD has become one of the fastest-growing car brands in Australia.

BYD now offers a complete lineup of six vehicles, ranging from the low-cost Dolphin and Atto 3 to mid-size SUVs (Sealion 6 and 7), electric sedans (Seal), and even a pickup (Shark 6).

BYD-control-EV-Australia
BYD Shark PHEV pickup truck launch in Australia (Source: BYD)

Earlier this year, the company introduced a new entry-level “Essentials” trim, slashing prices across its entire lineup.

According to TheDriven, BYD has three of the top 10 best-selling electric vehicles (EVs) in Australia as of April. The Sealion 7, launched in just February, placed fifth with 1,473 units sold, trailing the Tesla Model Y (3,394), Model 3 (2,266), MG4 (1,698), and Kia EV5 (1,509).

BYD-control-EV-Australia
BYD Sealion 7 launch event in Australia (Source: BYD)

BYD’s Atto 3 took sixth (956) while the Seal (637) and Dolphin (431) placed ninth and 14th through the first four months of 2025, respectively.

Taking control of distribution is expected to help improve service for current BYD drivers and will likely boost EV adoption in Australia.

Electrek’s Take

BYD’s sales are surging in China and overseas. In April, BYD sold more electric vehicles (EVs) in Europe than Tesla for the first time. Now, it’s launching its best-selling and most affordable electric car, the Dolphin Surf (also known as the Seagull EV in China).

S&P Global Mobility is calling for BYD to more than double its sales in Europe this year to around 186,000 units.

And clearly it’s not just Europe. BYD is quickly establishing its presence in major overseas markets, including Mexico, Brazil, Thailand, Australia, New Zealand, and many others.

With local production coming online and new, custom-tailored vehicles launching, BYD is laying the groundwork to continue gaining global market share over the next few years as the industry shifts toward electric vehicles. And that’s not even scratching the surface, with BYD’s new battery and ultra-fast EV charging technology set to change the game.

Source: EVDirect, TheDriven

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