CATL has a 35% market share in Europe, and European car companies are scrambling to install Chinese batteries

Recently, with the disclosure of the Q3 financial report, CATL's performance in the European market has attracted attention. According to data, the company's share of the European market has reached 35%, and has fully covered European local car companies. From January to August 2023, CATL's cumulative installed capacity of power batteries in overseas markets was 54.7GWh, a year-on-year growth rate of 111.1%; the market share soared to 27.7%, an increase of 7 percentage points over the same period last year...[View original text]