Market Share of World's Top EV Battery Makers (Jan-Jul 2023)

According to the latest data released by SNE Search, the total global consumption of electric vehicle batteries from January to July this year was 362.9 GWh, an increase of 49.2% from 243.2 GWh in the same period last year.

It is learned from the report that CATL installed 132.9 GWh of car batteries in the first seven months of this year, an increase of 54.3% from 86.1 GWh in the same period last year. Its market share accounted for 36.6%, higher than the 35.4% in the same period last year, but lower than the 36.8% in January-June, and it is still the only automotive battery supplier in the world with a share of more than 30%.

According to the report, CATL is actively expanding overseas markets in addition to the Chinese market, and its share in the European and North American markets has grown rapidly.

BYD's installed capacity of automotive batteries reached 58.1GWh from January to July, an increase of 94.1% from 29.9GWh in the same period last year. Its market share was 16 percent, up from 12.3 percent in the same period last year and up from 15.7 percent in the January-June period. SNE Research said BYD has further gained a foothold with its price competitiveness by establishing a vertically integrated supply chain management, including self-sufficiency in batteries and complete vehicle manufacturing.

LG Energy Solutions installed 51.4 GWh of power batteries from January to July, an increase of 53.2% year-on-year. The South Korean company ranked third in the world with a market share of 14.2%, slightly higher than 13.8% a year earlier but down from 14.5% in the January-June period.