Chinese battery giants CATL and BYD retained their positions as the world’s two largest electric vehicle (EV) battery manufacturers in the first four months of 2025, according to data published by South Korea’s SNE Research on Tuesday.
Global EV battery installations reached 308.5 gigawatt-hours (GWh) from January through April, a 40.2% increase compared with 220.1 GWh a year earlier. CATL led the global market with 117.6 GWh installed, up 42.4% from the same period in 2024. The company accounted for 38.1% of global battery usage, remaining the only manufacturer with a market share above 30%.
BYD followed with 53.4 GWh of installations, marking a 60.8% year-on-year increase. Its market share rose to 17.3%, up from 15.1% in the same period last year and 16.7% in the first quarter of 2025.
South Korea’s LG Energy Solution remained in third place with 31.4 GWh of installed capacity, a 16.3% rise from the previous year. However, its global share slipped to 10.2% from 12.3% last year and 10.7% in January-March 2025.
Rounding out the top ten were SK On (4.3%), CALB (3.9%), Gotion High-tech (3.4%), Samsung SDI (3.3%), Panasonic (3.0%), Eve Energy (2.7%), and Svolt Energy (2.6%).