Global Electric Vehicle Battery Usage Up 35.3% Year-on-Year from January to July
Market Share of Korea's Top Three Battery Makers Drops by 4.5 Percentage Points
According to SNE Research on September 2, the total battery usage installed in electric vehicles (EVs, PHEVs, HEVs) registered worldwide from January to July this year reached approximately 590.7 gigawatt-hours (GWh), representing a 35.3% increase compared to the same period last year.
During the same period, the combined global market share of electric vehicle battery usage by the three major Korean battery manufacturers-LG Energy Solution, SK On, and Samsung SDI-fell by 4.5 percentage points year-on-year to 16.6%. LG Energy Solution maintained its third-place ranking, growing by 9.0% (56.1 GWh) compared to the previous year. SK On recorded a growth rate of 17.4% (24.6 GWh), ranking fifth. In contrast, Samsung SDI saw a decrease of 10.6% (17.7 GWh).
Examining the battery usage of the three Korean companies by electric vehicle sales, Samsung SDI supplied mainly to BMW, Audi, and Rivian, in that order. SK On’s batteries were primarily installed in major finished vehicles from Hyundai Motor Group, Mercedes-Benz, Ford, and Volkswagen. LG Energy Solution’s battery usage was mainly for major finished vehicles such as Tesla, Chevrolet, Kia, and Volkswagen.
Panasonic, which primarily supplies batteries to Tesla, recorded 21.4 GWh of battery usage this year, ranking sixth globally.
China’s Contemporary Amperex Technology (CATL) solidified its position as the global leader, growing by 34.0% (221.4 GWh) compared to the same period last year. BYD achieved a growth rate of 52.4% (105.0 GWh), ranking second in global battery usage.
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An SNE Research official stated, "In terms of demand, Europe is showing a moderate recovery due to strengthened carbon dioxide regulations, while in the United States, strong HEV sales and a slowdown in BEV sales are occurring simultaneously amid subsidy and policy uncertainties." The official added, "Since policies are simultaneously impacting both price and demand, the starting point is to realign portfolios by first deciding which models to produce, where, and with which materials."
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