According to the latest data released by South Korean market research agency SNE Search, the total global electric vehicle battery consumption 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 reports that CATL’s automotive battery installations from January to April this year were 132.9 GWh, an increase of 54.3% from 86.1 GWh in the same period last year. Its market share was 36.6%, higher than 35.4% in the same period last year, but lower than 36.8% from January to June. 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 domestic market in China, and its market share in Europe and North America has grown rapidly.
The report states that CATL’s batteries mainly supply Tesla Model Y/Model 3, GAC’s Aeon Y, SAIC’s Mulan and Chinese commercial vehicle models, and continue to grow steadily.
BYD’s installed capacity of automotive batteries from January to July reached 58.1GWh, an increase of 94.1% from 29.9GWh in the same period last year.
Its market share was 16%, up from 12.3% a year earlier and up from 15.7% in the January-June period. SNE Research said BYD has further gained a foothold with its price competitiveness by establishing vertically integrated supply chain management, including battery self-sufficiency and complete vehicle manufacturing.
LG Energy Solutions installed 51.4 GWh of power batteries from January to July, a year-on-year increase of 53.2%. The South Korean company ranked third in the world with a market share of 14.2%, slightly higher than 13.8% in the same period last year, but down from 14.5% in the January-June period.
