Supplies of batteries for electric vehicles remain highly concentrated. The Chinese market is mainly supplied by domestic manufacturers such as CATL and BYD, which benefit from vertical integration and control of the entire chain. In Europe, Korean producers maintained their lead last year with a 56% share, but Chinese companies increased their share to 42% (4 p.p. year-on-year). Competition is thus intensifying outside Asia as well. linkedin.com 🇬🇧