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BYD Company Limited
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=== Battery Market<ref>[https://evmarketsreports.com/byd-has-surpassed-lg-in-global-battery-market/]</ref> === [[File:BYD Battery market share.png|frameless|751x751px]] The batteries market is BYD's second major revenue stream. Although BYD started with batteries manufacturing, it has seen a great shift in recent years towards the EV market where business is much more profitable. Despite this, BYD remains a major player in the batteries market, cementing its place among well-known brands LG and Samsung. In July 2022, BYD overtook LG to become the second largest battery maker, with a market share of 16.1%, compared to LG's 11.1% and leader CATL's 33.4%. With the EV market rapidly growing and BYD contributing to energy storage projects all over the world, this market share is expected to grow further.
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