From January to June of this year inclusive, traction batteries for electric vehicles with a total capacity of 364.6 GWh were sold worldwide, which is 22.3% more than the results of the same period last year. The Chinese company CATL remained the market leader with a share of 37.8%.
Image source: CATL
The CnEVPost resource traditionally shares similar excerpts from the report of the analytical company SNE Research. In the first half of the year, CATL was able to increase the production of traction batteries by 29.5% to 106.3 GWh year-on-year. No traction battery manufacturer still has more than 30% of the market except CATL. In the first half of last year, CATL occupied 35.7% of the market, and from January to May of this year it was able to increase its share to 37.5%.
In second place, with a large lag, is the Chinese BYD, which independently produces batteries for electric vehicles of the same brand. In the first half of this year, BYD increased the production of traction batteries by 22% to 57.5 GWh, its share in the global market did not exceed 15.8%. The company demonstrates the stability of its market positions. A year ago, its share reached the same values, and in the first five months this figure did not exceed 15.7%.
In January and February, BYD even lost second place to South Korean LG Energy Solution, but by March it had returned to its previous position. The Korean manufacturer produced 46.9 GWh of traction batteries in the first half of the year, which is 5.7% more than the same period last year. Now LG Energy Solution controls no more than 12.9% of the global traction battery market, although a year ago its share was two percentage points higher.
Other places in the top ten according to the results of the first half of the year were distributed as follows: SK On (4.8%), CALB (4.6%), Samsung SDI (4.5%), Panasonic (4.4%), Gotion High- tech (2.5%), Eve Energy (2.1%) and Sunwoda (2.1%). Manufacturers outside the top ten collectively control no more than 8.7% of the global traction battery market.