As per SNE Research,Tesla Supplier CATL Commands 34.8% of the battery market in the first half(of the year), SNE research on 10 battery Manufacturers in the world such as BYD, CALB, Panasonic, CATL, LGES, Sunwoda, Gotion High-Tech, SK On, Samsung SDI, and SVOLT.
CATL stands for Contemporary Amprex Technology Co. Limited, It is a Chinese leading battery manufacturer and supplier that is a specialist in Lithium-ion technology as well as energy Storage System, recently got 1st rank in the EV battery supplier out of the 10 companies.
SNE Research which is a market analysis company has revealed that Tesla battery suppliers dominate the industry, CATL china-based battery EV provider achieved 1st position with 34.8% of market share in the first half year earning report.
Highlights
- As per SNE Research, Tesla Supplier CATL Commands 34.8% of the battery market in H122.
- Tesla Supplier LG Energy Solution, a next-generation battery manufacturer achieve 2nd position in the EV battery race.
- Only three companies from China CATL, BYD, and CALB would lead to a market growth rate of 3 digits.
- On April 4, CATL also announced that our company receive 2nd partial approval for the new pant of battery at Thuringia Germany.
- recently BYD also launch electric SUVs for Fleet operators and has a plan to launch many variants of E6 in the upcoming years.
- Apart from that SK-on Season plant, South Korean battery manufacturer got 5th rank in the EV battery race
SNE analysis that around 203.4 GWH electric vehicles battery were installed worldwide in the country in Which CATL had installed around 70.9GWH batteries while LG energy Solution installed 26.2GWH EV batteries globally out of the 10 EV battery makers.
Also, Tesla Supplier LG energy Solution, a next-generation battery manufacturer achieve 2nd position in the EV battery race with 26.3GWH of total capacity with a 14.4% Market share in the 1H22 report.
In Research SNE found that CATL and LG Energy Solution(LGES) lead first & second positions and become the leading Ev battery leading marketers of BEV, PHEV, and HEV.
Only three companies from China CATL, BYD, and CALB would lead to a market growth rate of 3 digits whereas Japanese companies Panasonic shows a growth rate below the market average but it installs a 19.5 GHW Electric vehicles battery with 9.6% of market share.
When compared to the previous CATL data, It had 32.6% of the market share with a total Battery build of 96.7GHW, its growth is up by 167.5% year to year, in 2022 it reaches 70.9GHW in only 6 months.
On April 4, CATL also announced that our company receive 2nd partial approval for the new pant of battery at Thuringia Germany and with its plan to expand its production capacity to 500+ by 2025.
when come to BYD(BUILD YOUR DREAM), Chines based automotive companies, achieve 3rd place with 24.0GHW & a market share of 11.8% and become the largest EV manufacturer with 641,000 EVs globally, recently BYD also launch electric SUVs for Fleet operators, has a plan to launch may variant of E6 in the upcoming years.
You also see in the Chart that Japanese company Panasonic’s growth was down from 12.2% to 9.6% which has around a 2.6% gap in its market share, last year in the Q1 report, Panasonic gained 15% in the market share as per the electrive.
As per the TeslaRati, It is also expected that Tesla will utilize BYD battery cells in the Model Y, Tesla also planning to construct a new plant at Gigafctroty Shanghai in china, with a target to produce millions of electric vehicles yearly so it will require battery outside of the existing suppliers.
Apart from that SK-on Season plant, South Korean battery manufacturer got 5th rank in the EV battery race with a total capacity of 13.2GHW and market share of 6.5%.
Samsung Comes at 4.9% of the market share, building 10.GHW Ev batteries in Q1 while SVOLT energy Technology got 10 places with a market share of 1.3% with a total capacity of 2.6GHW.