- A few days ago, according to the latest data from South Korean market research organization SNE Research, the global installed capacity of power batteries on electric vehicles reached 137GWh in 2020, a year-on-year increase of 17%. Among them, CATL has become the world’s largest power battery company with an installed capacity of 34GWh, with a market share of 24.82%.
It is worth mentioning that this is also the fourth consecutive time that the CATL has defended the global champion since 2017.
From March to August 2020, LG New Energy surpassed CATL, but in the end, it ranked second in the world with a total installed capacity of 31 GWh, with a market share of 22.63%. It is reported that LG New Energy is the battery division of the original LG Chem, which has been spin-off and independent in December 2020.
Panasonic ranks third in the world with 25GWh installed capacity, with a market share of 18.25%; the fourth to ninth places are BYD (installed capacity 10GWh), Samsung SDI (installed capacity 8GWh), South Korea SKI (installed capacity 7GWh) , AESC (installed capacity 4GWh), Guoxuan Hi-Tech (installed capacity 3GWh), AVIC Lithium Battery (installed capacity 3GWh); other enterprises (installed capacity 13GWh).
It is worth mentioning that in 2020, among the top 9 global power battery installed capacity companies in electric vehicles, Chinese companies accounted for 5 seats: CATL, BYD, AESC (Envision Energy), Guoxuan Hi-Tech, and AVIC Lithium.
Compared with 2019, the installed capacity of Korean battery companies has increased significantly. For example, South Korea’s SLI and Samsung SDI increased by 284% and 81% year-on-year, respectively, while CATL’s growth rate was 2% year-on-year, and Panasonic’s decreased 10.7%.
SNE analysis believes that from the 2020 data, the gap between LG New Energy and CATL is very small, and it is a strong contender for the top spot in power batteries in the world. Panasonic’s market share dropped by 5.75 percentage points from 24% in 2019 due to delayed expansion.