As the new energy logistics vehicle market enters a period of stable high-level operation, overall battery installation volumes have remained relatively steady with minor fluctuations. According to industry research data, in July, new energy logistics vehicles installed a total of 3.19GWh of batteries, decreasing by 0.13GWh month-over-month, with cumulative installations reaching 19.2GWh from January to July.
Data Note: Data sourced from insurance registration records, with battery company information and capacity details from new vehicle announcements and purchase tax exemption lists. For vehicles with multiple battery supplier options, allocation is divided equally among optional suppliers through manual processing.
**July Installation Volume Rankings | "One Leader, Three Contenders" Pattern Remains Stable, BYD's FinDreams Challenges for Fourth Position**
Contemporary Amperex Technology Co., Limited (CATL) undoubtedly continues to lead the rankings, achieving 1.69GWh installations this month and commanding a 52.9% market share, leaving the remaining 22 battery companies to compete for 47.1% of the market space. However, CATL's market share has shown a volatile downward trend this year, with January marking the year's peak at 58.1%, while July represents the lowest point at 52.9%.
Analysis suggests that CATL's declining market share stems not primarily from peer competition, but from deliberate diversification by its clients - the vehicle manufacturers. Whether driven by cost considerations or brand influence concerns, CATL's dominance has begun affecting market-end vehicle brand selection decisions.
Competition among the "three contenders" remains fierce, with Gotion High-Tech, CALB, and EVE Lithium Energy experiencing multiple ranking changes throughout the year, with installation volumes closely matched. This month, Gotion High-Tech's nearly 0.4GWh installation volume represents its largest lead advantage of the year, simultaneously expanding its annual cumulative installation volume advantage.
FinDreams Battery has had relatively short large-scale external supply experience (reportedly beginning large-scale external supply in Q1 2024), with a limited accumulated client base, but demonstrates significant growth potential. Additionally, BYD's light commercial vehicles are steadily increasing volume, and the year-end launch of BYD's mini trucks provides another growth trajectory for next year, potentially disrupting the "one leader, three contenders" pattern to become the fourth major player.
**Top 5 Battery Company Vehicle Model Distribution**
CATL maintains relatively healthy client concentration, with its largest client Foton accounting for only 17.7% of supporting volume share. The company primarily targets the more profitable light truck market, where high-capacity light truck volume increases have provided significant momentum for CATL. Large vans achieved first place in market sales for the first time this month, becoming CATL's second-largest supporting segment, with both areas supporting CATL's fundamental position in the logistics vehicle market.
Gotion High-Tech has consistently been the "medium van leader." Although medium van sales have begun declining, volumes remain at high levels. The large van market has emerged as Gotion's second major advantage area, with one segment maintaining the fundamental base while the other provides incremental growth, jointly securing Gotion's second-place advantage.
CALB primarily supports Chery Commercial Vehicle, which accounts for 53.4% of its total supporting volume, followed by Geely Commercial Vehicle at 10.9%. CALB maintains relatively balanced deployment across market segments, notably showing higher attention to the micro vehicle (micro van + micro truck) market compared to other battery companies.
EVE Lithium Energy secured second place consecutively in April and May, remaining in third position for the past two months. However, its cumulative installation volume gap with Gotion High-Tech and CALB remains small, maintaining competitive capability for second place in annual rankings. EVE demonstrates relative advantages in the mini truck market, which is experiencing growth, providing expansion space for both installation and supporting volumes. Additionally, Geely Commercial Vehicle and Foton, two leading vehicle manufacturers, serve as strong backing for EVE.
FinDreams Battery, with less than two years of large-scale external supply operations, has achieved 70% external vehicle manufacturer supporting ratio. As battery performance reputation accumulates in the logistics vehicle market, external supply prospects appear promising. Light trucks represent FinDreams' core supporting segment, and with the upcoming launch of BYD mini trucks and continued volume increases of BYD light trucks, next year's installation and supporting volumes are expected to show strong performance.
As the new energy logistics vehicle market continues stable high-level operation, competition among battery companies will no longer be limited to capacity and installation volume comparisons, but will focus more on market segment cultivation, client structure optimization, and technical reputation accumulation. Future market share competition among leading companies will intensify, with industry concentration potentially further gravitating toward the top 5 companies. Enterprises possessing core technical advantages, precise market positioning, and stable client resources will occupy more favorable positions in this logistics vehicle battery market competition, jointly driving the new energy logistics vehicle industry chain toward higher quality development.