Demand for EV batteries has increased, skyrocketed in 2024



Viking Thumbnails (1)

According to recent data from South Korean market research firm SNE Research, global battery consumption for electric vehicles (EVs) surged to 51.5 GWh in January 2024, marking a substantial 60.6% increase from the previous year’s 32.1 GWh. In January, CATL installed 20.5 GWh of batteries, reflecting a remarkable 88.1% growth compared to the same period last year. As a result, the Chinese power battery giant maintained its position as the world’s leading battery supplier, capturing a dominant 39.7% market share. CATL remains the sole battery provider worldwide with a market share exceeding 30%.






Posted in




The Electric Viking

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Scroll to Top