The market share of the three domestic battery companies decreased slightly due to the rise of Chinese companies in the global electric vehicle battery market last year.
According to SNE Research on the 7th, a market research company, the quantity of electric vehicle (EV, PHEV, HEV) batteries registered worldwide last year was 296.8GWh, up 102.3% from the previous year. The market share of the three domestic battery companies, LG Energy Solution, Samsung SDI, and SK On, was 30.4%, down 4.3 percentage points from 2020.
China's CATL maintained its No. 1 position in the world with a market share of 32.6%, an increase of 8.0% compared to the previous year, due to the growth of the Chinese electric vehicle market. CATL has maintained the No. 1 position for five consecutive years since 2017.
The market share of LG Energy Solution, the largest battery manufacturer in Korea, fell 3.1% from the previous year to 20.3%. LG Energy Solution maintained its second place as in the previous year. The share has declined somewhat despite having LG Energy Solution's battery shipments increased from strong sales of models such as Tesla 'Model Y' (made in China), Volkswagen 'ID.4', and Ford 'Mustang Mach-E.’
SK On moved up from 6th to 5th with a market share of 5.6%, up 0.1%, while Samsung SDI fell from 5th to 6th with a market share of 4.5%, down 1.3%.
In addition to CATL, which is ranked No. 1 in the world, Chinese battery manufacturers such as BYD, CALB, and Guo Xuan, which is ranked 4th, 7th, and 8th, respectively, showed growth exceeding the market average growth rate, and increased their market share compared to the previous year.
On the other hand, most of the Japanese battery industry, including Panasonic, showed a downward trend. Panasonic, Japan's largest battery manufacturer, remained third in the world with a market share of 12.2%, down 6.2%.
By Staff Reporter Tae-jun Park (gaius@etnews.com)