Three domestic battery makers maintain top ranks in the market excluding China… CATL closely follows

Input 2021.01.20 12:26

In the electric vehicle battery market in 77 countries excluding China from January to November of last year, three Korean batteries, including LG Energy Solution, Samsung SDI, and SK Innovation, held the top spot. CATL, which had been recognized as exclusively for the Chinese domestic market, grew explosively and followed closely behind the three battery companies.

On the 20th, SNE Research released statistics on global electric vehicle battery usage from January to November last year. The Chinese market was excluded from this count as Chinese authorities did not release official data. According to statistics, while Panasonic maintained the number one position by company, LG Energy Solution grew 86.8% to 20.3GWh, followed by Panasonic. Samsung SDI ranked 3rd with 6.7GWh, up 75%, and SK Innovation, with 6.5GWh, up 239.7%.

The growth of the three domestic companies was attributed to the increase in sales of models equipped with each company’s battery. LG Energy Solutions continued to grow thanks to robust sales of Renault Joe, Volkswagen ID.3, and Porsche Taycan EV.

Samsung SDI’s sales growth of Audi E-tron EV, Ford Kuga PHEV, and Volkswagen Passat GTE led to growth. SK Innovation’s usage surged due to a surge in sales such as Hyundai’s Kona BEV and Kia’s Niro BEV.

CATL, known as the Chinese market leader, achieved a record growth rate of 3700.4% over the same period of the previous year, ranking fifth cumulatively from January to November. CATL recorded the highest growth rate thanks to a surge in sales of pure electric vehicles from PSA Group such as Peugeot e-208 and Opel Corsa.

In November of last year, LG Energy Solutions ranked first in battery usage. Samsung SDI and SK Innovation also settled in 3rd and 4th, showing growth. LG Energy Solution recorded a growth rate of 191.5% compared to the same month last year at 3.1GWh, surpassing Panasonic and rising to the top.

In November, with the total battery usage of 8.6GWh, an increase of 89.8% year-on-year, Samsung SDI ranked 3rd with 0.9GWh, up 77.8% year-on-year, and SK Innovation ranked 4th with 371.8% growth. The fifth place was Chinese CATL, which showed 3686.1% growth.

SNE Research CEO Gwangju Kim said, “Though Korean companies are steadily strengthening their position in the global electric vehicle market excluding China, Chinese companies, including CATL, are on the offensive, and Japan’s Panasonic is also in good shape. “We need to steadily cultivate basic competitiveness and accelerate our targeting overseas markets.”