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The top 10 companies in terms of power battery installation capacity are: CATL, BYD, LG Energy Solution, Panasonic, SK On, CALB, Samsung SDI, Gotion High-Tech, EVE Energy, and Sunwoda. It is worth mentioning that global car companies are accelerating their cooperation with Chinese battery companies.
From the above list, it is obvious that Chinese companies continue to dominate the global market. The top 10 companies in terms of power battery installation capacity are: CATL, BYD, LG Energy Solution, Panasonic, SK On, CALB, Samsung SDI, Gotion High-Tech, EVE Energy, and Sunwoda.
China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel. Chinese companies supply 80% of the world’s battery cells and control nearly 60% of the EV battery market. 13. Amperex Technology Limited (ATL) 12. Envision AESC 11. Gotion High-tech 10.
With BMW’s large-scale orders being fulfilled, CATL’s overseas installations are expected to continue increasing. Among the Japanese and South Korean battery companies, LG Energy Solution ranks the highest, with an installation of 81.2 GWh, securing third place and a market share of 11.8%.
However, thanks to the global sales expansion of models like Audi Q8 e-Tron, BMW iX, Hyundai IONIQ 5, etc., the three South Korean battery companies still achieved an increase in installation capacity. On the other hand, Japanese battery companies are now represented solely by Panasonic.
In the TOP10 list, the market share of Chinese companies in 2023 reached 63.5%. And the market share of the three South Korean battery companies, LG Energy Solution, SK On, and Samsung SDI, was 23.1%, a decrease of 1.6% compared to the same period last year.
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