CATL and BYD continued to hold the top two positions as the world’s largest battery makers in the first half of the year, both slightly increasing their market share, according to data from South Korean market researcher SNE Research.
Global battery consumption for electric vehicles (EVs) totaled 364.6 GWh in the January-June period, up 22.3 percent from 298.1 GWh in the same period last year.
CATL’s battery installations reached 137.7 GWh, a 29.5 percent increase from 106.3 GWh last year. The Chinese power battery giant maintained its leading position with a 37.8 percent market share, the only supplier exceeding 30 percent. This was an increase from 35.7 percent in H1 2023 and 37.5 percent in the January-May 2024 period.
BYD installed 57.5 GWh of power batteries in the first half, up 22 percent from 47.1 GWh last year. The company ranked second with a 15.8 percent market share, consistent with the same period last year and slightly up from 15.7 percent in January-May. BYD briefly fell behind LG Energy Solution in the January-February period but regained its position in March.
LG Energy Solution’s installed battery volume was 46.9 GWh, a 5.7 percent year-on-year increase. The South Korean company held a 12.9 percent share, down from 14.9 percent a year earlier but higher than the 12.6 percent share in January-May.
South Korea’s SK On was fourth with a 4.8 percent share, followed by China’s CALB at 4.6 percent, and South Korea’s Samsung SDI at 4.5 percent.
Japan’s Panasonic, China’s Gotion High-tech, Eve Energy, and Sunwoda ranked seventh to tenth, with shares of 4.4 percent, 2.5 percent, 2.1 percent, and 2.1 percent respectively. Notably, CALB’s share was below Samsung SDI and Panasonic in the January-May ranking, and Gotion was below Eve Energy at No. 9.
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