China’s battery makers burnish their safety image as they grab the lion’s share of the world’s market for powering electric cars
- CATL is now the world’s largest EV battery maker, with about 30 per cent of the global market, ahead of LG Energy’s 25 per cent, SNE Research said
- Chinese brands are fighting an uphill reputational battle against South Korean and Japanese brands, which have the image of being safer
The final instalment of a three-part series on electric car batteries looks at the quality and safety record of China-made packs, and how they stack up against competitors in South Korea and Japan.
But before they could break the records, NIO and CATL had a more immediate task to tackle in 2019: how to assure cautious drivers switching to EVs for the first time that battery packs are safe. For buyers, many of whom count the family car as the largest big-ticket purchase of their lifetime after the home, the spectre of automobiles catching fire was a cause for pause.
“Nothing is more important than safety to a car driver,” said Phate Zhang, founder of the Shanghai-based EV news portal CNEVPost. “For consumers with the penchant for battery-powered vehicles, any news about cars catching fire will [douse] their buying interest.”