This photo taken on April 24, 2024 shows a new energy vehicle (NEV) assembly line of BYD, China"s leading NEV manufacturer, at the plant of BYD in Zhengzhou, central China"s Henan Province. Photo:Xinhua

　　Chinese companies hold leading positions in the global rankings for electric vehicle (EV) power battery market share, according to an analysis by South Korean market research firm SNE Research on Tuesday. CATL, China"s battery giant and the world"s largest supplier, has further strengthened its dominant global standing.

　　In January, the battery installation for global EV excluding the Chinese market sold increased 13.7 percent year-on-year to 32.7 gigawatt-hours (GWh), according to a SNE Research"s press release.

　　A Chinese industry expert said China"s new energy vehicle (NEV) industry chain balances cost-effectiveness and safety, and has gained broad recognition from major global NEV manufacturers.

　　According to the SNE Research analysis, China"s CATL maintained its top position outside the Chinese domestic market, reaching 11.2 GWh, a 26.5 percent year-on-year increase. Also, BYD secured the third spot with an 86.0 percent surge to 3.7 GWh, which reflects a strategic shift prioritizing international investment and sales over domestic Chinese expansion.