Chinese manufacturers have captured 56% of the world's electricity battery market

Chinese manufacturers have captured 56% of the world's electricity battery market

According to a study by SNE Research, the share of Chinese CATL in the world traction battery market rose from 28.8 to 34.8 per cent a year in the first half of this year, an absolute leader in the world's 10 manufacturers of ABM for electric vehicles.

In the same period, Chinese BYD, the third largest producer after CATL and LG Energy Solutions, increased the market share from 6.8 to 11.8 per cent.

The second most important is LG Energy Solidarity, which fell from 23.8 per cent to 14.4 per cent. South Korean companies as a whole are losing their position. While in the first quarter they accounted for 34.9 per cent of the market, they now accounted for 25.8 per cent. Samsung SDI fell from 5.8 per cent to 4.9 per cent, while SK On, on the other hand, grew from 5.3 per cent to 6.5 per cent. Japan's Panasonic fell from 15 per cent to 9.6 per cent.

The presence of Chinese battery manufacturers is now increasing in both North American and European markets and in domestic Chinese, with producers from the Under heaven investing actively in the industry, and it is known that at least 85 battery projects have been launched in China, bringing the total investment to more than $88.4 billion.

It is noteworthy that China's business is successfully trying to reach even the South Korean market, which is traditionally dominated by local battery manufacturers, such as the Kia Niro electric model in June, which uses CATL traction machines, and SangYong Motor plans to release the BYD battery electric vehicle next year. In addition, Hyundai and CATL have recently signed a memorandum of understanding providing for the joint development of APC technologies.