China’s Contemporary Amperex Technology Co. Ltd. (CATL) and BYD remained the two largest electric vehicle (EV) battery manufacturers globally in the first two months of 2025, amid rising demand for EVs and continued expansion by Chinese firms, according to data from South Korea’s SNE Research.
Global EV battery usage reached 129.9 gigawatt-hours (GWh) in January and February, up 40.3% from 92.6 GWh a year earlier, the market research firm said.
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CATL retained its position as the world’s largest battery supplier, installing 49.6 GWh during the period, an increase of 39.7% year-on-year. This gave the company a market share of 38.2%, slightly below the 38.3% recorded a year earlier and down from 38.9% in January 2025.
SNE Research noted that CATL remains the only battery maker with a market share exceeding 30%, driven by adoption from a range of manufacturers, including Chinese EV brands Zeekr, Aito, Li Auto, and Xiaomi, as well as international automakers such as Tesla, BMW, Mercedes-Benz, and Volkswagen.
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BYD ranked second with 21.9 GWh of batteries installed in January-February, marking an 81.0% increase from the same period in 2024. Its market share rose to 16.9%, up from 13.1% a year earlier and unchanged from January 2025.
South Korea’s LG Energy Solution remained in third place with 12.7 GWh installed, up 8.5% year-on-year. However, its global market share declined to 9.8% from 12.6% in the same period last year, though it rose from 9.3% in January 2025.
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Other battery manufacturers in the top ten included SK On (4.7%), Panasonic (3.9%), CALB (3.8%), Gotion High-tech (3.5%), Samsung SDI (3.2%), Svolt Energy (2.7%), and Eve Energy (2.4%).
SNE Research’s latest data highlights the continued dominance of Chinese companies in the global EV battery market, supported by strong domestic production and a growing list of partnerships with both domestic and international automakers.