A BYD showroom in Shanghai, August 31, 2022. Photo: Bloomberg
A BYD showroom in Shanghai, August 31, 2022. Photo: Bloomberg

Smaller Chinese EV battery makers grab market share from giants CATL, BYD as demand for green cars expected to double this year

  • Small battery players like Farasis and Ruipu have launched new products to take on market leaders CATL and BYD
  • Farasis, backed by Mercedes-Benz, accounted for 2.3 per cent of the market in August, up 0.5 percentage points from July

A BYD showroom in Shanghai, August 31, 2022. Photo: Bloomberg
A BYD showroom in Shanghai, August 31, 2022. Photo: Bloomberg
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