BYD ranked second with 25.36 percent share, CALB and Gotion High-tech ranked third and fourth with 6.76 percent and 4.52 percent shares respectively.

From January to October, the installed base of power batteries in China was 224.2 GWh, up 108.7 percent year-on-year.

The installed base of ternary batteries was 88.0 GWh, accounting for 39.2 percent of the total installed base, up 62.8 percent year-on-year, while the installed base of LFP batteries was 136.0 GWh, accounting for 60.6 percent of the total installed base, up 155.6 percent year-on-year.

CATL continued to be the largest power battery manufacturer in China with a 48.33 percent share of 14.76 GWh in October.

BYD ranked second with 7.74 GWh or 25.36 percent share, while CALB and Gotion High-tech ranked third and fourth with 6.76 percent and 4.52 percent shares respectively.

In the ternary battery market, CATL installed 6.75 GWh in October, with a 62.42 percent share. CALB ranked second with a 10.34 percent share, and Sunwoda ranked third with a 4.99 percent share.

In the LFP battery market, CATL installed 8.01 GWh in October, with a 40.73 percent share. BYD ranked second with 39.29 percent share and Gotion ranked third with 6.31 percent share.