China’s BYD jumps to second spot in global EV battery ranking

On the rise: People walk past a BYD showroom in Shanghai. The company took the second spot in the global EV battery rankings in July, overtaking LG Energy, as Chinese firms led overall growth in the industry. — Bloomberg

SHANGHAI: Build Your Dreams (BYD) Co jumped to second place in the global electric vehicle (EV) battery rankings in July, overtaking LG Energy Solution Ltd as China’s demand for clean cars surges.

The Chinese car and battery maker supplied 6.4 gigawatt hours (GWh) of batteries in July, trailing only giant Contemporary Amperex Technology Co Ltd (CATL) with 13.3 GWh.