China’s battery company CATL is growing rapidly. It has been recognized as a’domestic battery’ with its own market, which is the largest demand for electric vehicles, but it is analyzed that it is gradually expanding its presence in markets outside of China since last year.
According to market researcher SNE Research on the 20th, CATL ranked fifth with a cumulative share of 6.3% in the global electric vehicle battery market excluding the Chinese market from January to November last year. This is the first time that this company, which was outside the top 10 with a 0.2% market share in 2019, entered the top 5.
During the same period, CATL’s battery usage was 6.5 gigawatt hours (GWh). This is a whopping 3700.4% increase from the same period last year (0.1GWh).
CATL, which mainly supplies batteries to Chinese automakers, recorded the largest growth rate last year thanks to a surge in sales of pure electric vehicles of the French Peugeot Citroen (PSA) group such as Peugeot’e-208′ and Opel’Corsa’. In the past, it has been confined to the Chinese market and stands out in markets outside of China.
Japan’s Panasonic is the number one market share. The company is supplying batteries to the American electric vehicle brand Tesla. However, the growth rate was only 0.7% compared to the previous year.
Domestic companies such as LG Energy Solution, Samsung SDI, and SK Innovation ranked second to fourth respectively.
LG Energy Solution’s battery usage increased by 86.8% to 20.3GWh, followed by Panasonic, the number one. Samsung SDI recorded 6.7GWh, a 75.0% growth, and ranked 3rd as of the previous year. SK Innovation has grown 3.4 times closer to Samsung SDI. The total share of the three companies is 51.3%.
LG Energy Solutions’ growth was driven by a surge in sales of Renault’Joe’, Volkswagen’ID.3′, and Porsche’Taikan EV’. Samsung SDI showed growth thanks to increased sales of Audi’E-tron EV’ and Ford’Kuga PHEV’. SK Innovation’s strong sales of Hyundai Motor’s’Kona Electric’ and Kia’s’Niro EV’ led to growth.
Meanwhile, from January to November last year, the amount of electric vehicle battery energy in each country excluding the Chinese market was 65.2 GWh, up 44.6% from the previous year.
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SNE Research CEO Kim Gwang-ju said, “The three domestic companies are steadily strengthening their position in the global electric vehicle market excluding China.”
“Chinese companies, led by CATL, are continuing on the offensive, and Panasonic of Japan is still in existence, and the competitive environment will become more intense in the future.” “In the future, the domestic industry will steadily cultivate basic competitiveness and accelerate further targeting overseas markets It needs to be added,” he added.