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China’s Power Battery Shift: CATL Climbs as BYD Dips
China’s power battery installations for EVs surged to 38.8 GWh in January, a 20.1% increase year-over-year, but a 48.6% drop from December. CATL expanded its market share to 47.08%, solidifying its leadership in the competitive landscape. BYD’s market share dipped to 22.90%,