CATL's share increased by 1.1 percentage points in November from October, while BYD's decreased by 3.5 percentage points.

CATL's share of China's electric vehicle (EV) battery market continued to rise in November, while BYD (OTCMKTS: BYDDY) saw another decline.

In November, China's power battery installations were 44.9 GWh, up 31 percent year-on-year and up 14.5 percent from October, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).

CATL's power battery installed capacity in November was 19.7 GWh, ranking first with a 43.91 percent share, up 1.1 percentage points from October's 42.81 percent share.

BYD's power battery installed capacity was 10.2 GWh in November, ranking second with a 22.73 percent share, down 3.5 percentage points from 26.23 percent in October.

In the LFP battery market, CATL's installed base of 10.63 GWh in November surpassed that of BYD, topping the list with a 36.52 percent share, up from 31.84 percent in October.

BYD's installed base of 10.18 GWh in the LFP market was second with a 34.99 percent share, but lower than October's 38.31 percent.

China's power battery exports stood at 13 GWh in November, down 42.48 percent year-on-year but up 13.04 percent from October.

Ternary batteries exported 8.2 GWh and LFP batteries exported 4.7 GWh in November.

In January-November, China's power battery exports stood at 113.5 GWh.

China's total production of power and energy storage batteries in November was 87.7 GWh, up 38.33 percent year-on-year and up 13.45 percent from October.

In January-November, China's total production of power and energy storage batteries was 661.3 GWh, up 35.18 percent year-on-year.

Global EV battery market share in Jan-Oct: CATL 36.9%, BYD 15.8%