The top ten global power battery installed capacity in 2021 are: CATL, LG New Energy, Panasonic, BYD, SK On, Samsung SDI, AVIC Lithium Battery, Guoxuan Hi-Tech, Envision Power, and Honeycomb Energy.
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%. SK On ranks fifth with 31.1 GWh, holding 4.5% of the market, while Panasonic ranks sixth with 28.4 GWh and a market share of 4.1%.
Which battery company has the most battery installations in the world?
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%.
From the perspective of countries, the market share of battery companies in the top 10 from January to July is 65.3% for China, 21.4% for South Korea, and 4.3% for Japan. This represents a 0.4% increase for China, a 0.8% decrease for South Korea, and a 0.1% decrease for Japan compared to January to June.
As the world's largest new energy vehicle production and consumption market, China's power battery market is also leading the development of the global market.
Which EV battery manufacturer has the largest market share?
According to SME Research, CATL is the world's largest EV battery manufacturer, with 37.7% of the market share. Plus, it is the only battery supplier with a market share of over 30%. CATL has 6 R&D facilities, five in China and one in Germany. In 2023, they spent about $2.59 billion in R&D, an 18.35% increase from the previous year.
On December 5, SNE Research released the latest data about the global power battery installation. The data shows that from January to October 2024, the global power battery installation reached approximately 686.7 GWh, marking a year-on-year increase of 25%.