Xin Lang Cai Jing·2025-05-13 05:11Core Viewpoint - In April, CATL's market share in China's power battery sector fell below 40% for the first time in 18 months, while BYD's market share increased, narrowing the gap between the two companies [1][2]. Group 1: Market Performance - In April, the total domestic power battery installation volume reached 54.1 GWh, a year-on-year increase of 52.8% [1]. - CATL's domestic power battery installation volume was 21.2 GWh, with a market share of 39.44%, down 2.94 percentage points from the previous month [1][3]. - BYD's power battery installation volume was 14.17 GWh, with a market share of 26.35%, up 1.83 percentage points, marking a new high since October of the previous year [1][3]. - The market share gap between CATL and BYD has narrowed to 13.09%, the smallest in 18 months [1]. Group 2: Battery Types - In April, lithium iron phosphate (LFP) battery installation volume was 44.8 GWh, accounting for 82.8% of total installations, a historical high with a year-on-year increase of 75.9% [1]. - CATL led the LFP battery segment with an installation volume of 14.76 GWh, representing 32.94% market share, while BYD's LFP battery installation volume was 14.17 GWh, with a market share of 31.62% [2]. - In the ternary battery segment, CATL maintained a dominant position with a market share of 72.06% [2]. Group 3: Competitive Landscape - Among the top ten power battery companies, the total installation volume was 50.6 GWh, accounting for 93.5% of the total, a decrease of 3 percentage points year-on-year [4]. - Gotion High-Tech achieved a market share of 5.85% with an installation volume of 3.14 GWh, marking a 1.04 percentage point increase [4]. - The top ten companies in power battery installations saw significant growth, with Gotion High-Tech's year-on-year growth rate reaching 190.6% [5]. Group 4: Export Performance - In April, the export volume of power and other batteries reached approximately 22.3 GWh, with a year-on-year growth of 64.2% [5][12]. - CATL ranked first in domestic power battery exports, followed by BYD and Funeng Technology [12]. - Gotion High-Tech recorded the fastest growth in export volume among the top ten, with a year-on-year increase of 555.2% [12].