Three domestic battery companies (LG Energy Solution, Samsung SDI, and SK Innovation) ranked in the top 5 cumulative market share in the global electric vehicle battery market until November last year. It is highly likely to remain in the top 5 in the annual rankings for December.
According to market research firm SNE Research on the 4th, in the statistics on battery usage of electric vehicles (EV, PHEV, HEV) sold worldwide from January to November of last year, the three companies recorded a double-digit growth rate compared to the previous year.
The cumulative battery usage of LG Energy Solution is 26.4 gigawatt hours (GWh), rising from 3rd to 2nd. The usage also increased more than 2.4 times from the same period last year (10.9GWh).
Samsung SDI’s battery usage increased 72.4% to 6.8GWh, and the ranking rose to fourth place. SK Innovation has grown from 9th to 5th with a record of 6.5GWh of battery usage, which surged nearly 3.4 times.
The growth of the three companies is due to the increased sales of electric car models equipped with each company’s battery.
LG Energy Solution’s sales of Tesla’s’Model 3 (made in China)’, Renault’s’Joe’, and Volkswagen’s’ID.3′ helped. Samsung SDI’s sales growth of Audi’E-tron EV’, Ford’Kuga PHEV’ and Volkswagen’Pasat GTE’ led to growth. SK Innovation saw a significant increase in sales of Hyundai’s Kona Electric (Europe) and Kia’s Niro EV.
During the same period, CATL in China and Panasonic in Japan ranked first and third respectively. Since the second half of last year, as the demand for electric vehicles in the Chinese market has gradually recovered, CATL’s share has also slightly increased. However, except for the two companies, CATL and CALB, other Chinese companies were sluggish. Most Japanese companies also recorded negative growth.
Meanwhile, the total amount of battery energy of electric vehicles registered worldwide during this period was 116.5GWh, up 15.3% from the same period last year. Electric vehicle demand in the first and second quarters declined in the aftermath of the spread of Corona 19 and then rebounded from the third quarter, turning to a cumulative increase.
SNE Research predicted, “In terms of current trends, CATL, LG Energy Solution, and Panasonic are expected to take the first to third places in the annual electric vehicle battery usage ranking last year.”
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“Samsung SDI is expected to compete for the fourth place followed by Samsung SDI, and SK Innovation and BYD will compete for the fifth place.” “In December, the Chinese market volume of BYD and SK Innovation’s European volume were determined to be 5th. It will be the main factor.”
SNE Research said, “Three domestic companies are continuously advancing and growing steadily in the midst of the new coronavirus outbreak.” “He added.