Global electric-vehicle battery sales more than doubled in the first four months of the year as the switch to environmentally-friendly cars gathers pace.
Sales of EV batteries rose to 65.9 gigawatt-hours in the January-April period, from 26.8 gigawatt-hours a year earlier, SNE Research said Tuesday.
Contemporary Amperex Technology Co.’s sales almost quadrupled to 21.4 GWh, cementing the Chinese company’s position as the world’s biggest EV battery maker with 32.5% of the global market…
Demand for electric vehicles is increasing as countries work to reduce carbon emissions, consumers embrace cleaner automobiles and costs tumble. Automakers such as Volkswagen AG and Ford Motor Co. are plowing billions of dollars into adding more EV models to their lineups, while industry pioneer Telsa Inc. posted estimate-smashing deliveries in the first quarter.