July 19, 2021 Vulcan Energy

The growing popularity of Tesla Model Y in China is driving growth in sales of LG Energy Solutions’ batteries. The South Korean battery manufacturer became the top supplier in May 2021.

The power ratio in the battery supply chain changed in May, Benzinga reports. South Korean company LG Energy Solutions (LGES) ranked first among battery manufacturers with the highest installed capacity and toppled China’s CATL, which had been there for the first four months of 2021.