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 resource traditionally shares similar excerpts from the report of the analytical company SNE Research CnEVPost. CATL was able to increase its traction battery production by 29.5% to 106.3 GWh year-on-year in the first half of the year. No other traction battery manufacturer still holds more than 30% of the market except CATL. In the first half of last year, CATL held 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 gap, 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 world 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 results of the same period last year. LG Energy Solution currently controls no more than 12.9% of the global traction battery market, although a year ago its share was two percentage points higher.
The remaining places in the top ten for 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 together control no more than 8.7% of the global traction battery market.
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