EV battery

CATL and BYD Reshape China’s EV Power Balance

CATL and BYD are tightening their grip on China’s EV industry from opposite ends of the value chain. CATL posted a remarkable 20.7 billion yuan Q1 2026 net profit and held 46.4% of China’s battery market, while BYD expanded its 1,500-kW flash-charging network to 6,682 chargers across 321 cities as China’s June NEV retail sales are forecast at 1.05 million units.