China’s leading electric vehicle battery makers lost market share to smaller rivals in August as competition heats up in the fast-growing sector, South China Morning Post reported.
BYD’s market share dropped from 25.2% in July to 21% in August, said the report, with Contemporary Amperex Technology Limited’s share declining from 47.2% to 46.8%. Smaller maker Farasis took a 2.3% share, up from 0.5%.
Read the full report: The South China Morning Post
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