Korean Media: South Korean Battery Share "Continues to Decline," BYD Surges 50%!
On November 10, the Korean media outlet "Energy Economy" published an article stating that according to data from the energy market research company SNE Research, the total battery usage for pure electric vehicles, plug-in hybrid vehicles, and hybrid vehicles registered globally in January to August this year was 691.3 GWh, an increase of 34.9% compared to the same period last year. Among them, BYD ranked second with a growth rate of 50.3%, while LG Energy Solution maintained the third position with a growth rate of 13.3%.
During the same period, the combined market share of the three South Korean battery companies, LG Energy Solution, SK On, and Samsung SDI, in global electric vehicle battery usage decreased by 3.8 percentage points to 16.8%.
LG Energy Solution remained in the third position, with battery usage reaching 67.4 GWh, an increase of 13.3% compared to the previous year. SK On ranked fifth, increasing by 20.3% to 29.2 GWh.
On the other hand, Samsung SDI's usage decreased by 9.1% to 20.0 GWh. According to analysis, the supply volume of Samsung SDI has been reduced as Rivian launched models using LFP batteries from Chinese company CATL in the United States.
Meanwhile, Chinese battery manufacturers continued to grow. Contemporary Amperex Technology Co., Limited (CATL) maintained the first position, with battery usage of 254.5 GWh, an increase of 31.9% compared to the previous year.
BYD, driven by its expansion in the European market, ranked second in global battery usage, surging by 50.3% to 124.8 GWh. In the first half of this year, BYD's battery usage in Europe reached 8.6 GWh, an increase of 263.1% compared to the previous year.
Six Chinese companies were among the top ten in market share, namely, CALB (4th place), CATL (7th place), EVE Energy (9th place), and Gotion (10th place).
Panasonic, a major battery supplier for Tesla, ranked sixth with battery usage of 25.8 GWh.
Original: www.toutiao.com/article/1848390420167692/
Statement: This article represents the views of the author.