They should be more concerned about the gap widening between them and the #2 manufacturer (BYD). None of them even have LFP up and running yet meanwhile CATL and BYD are already well-entrenched with that tech… and leagues ahead regarding sodium-ion tech.
Meanwhile, CATL is expending their business. They will built their battery factory in Europe with STLA.
Sounds not good for LG, SK, and Panasonic, they would be hard to catch CATL.
bruh… LG, SK, and Panasonic shouldn’t even bother with being concerned about catching up to CATL at this point. It’s clearly a lost cause.
The market share of all those 3 companies combined is still lower than CATL’s. (With the Korean manufacturers having a shoddy track record with their batteries anyways).
They should be more concerned about the gap widening between them and the #2 manufacturer (BYD). None of them even have LFP up and running yet meanwhile CATL and BYD are already well-entrenched with that tech… and leagues ahead regarding sodium-ion tech.