Data released mid-October indicates that while global EV (electric vehicle) sales continue to grow, the pace has slowed and Chinese suppliers such as CATL and BYD now account for more than 50 % of global battery capacity in the first half of 2025. 

Analysts caution that this trend may squeeze non-Chinese battery producers and reduce diversification in the supply chain. At the same time, the EV market faces headwinds—such as subsidy reductions in China and slower demand in mature markets—which contribute to the decelerated growth rate despite overall expansion.