South Korean media: In the market outside China, CATL dominates, and South Korean batteries are being "marginalized"!

On November 12, South Korean media "Chosun Ilbo" published an article stating that even in the global electric vehicle battery market outside China, Chinese companies such as CATL and BYD have shown high growth.

According to SNE Research, the total battery usage for electric vehicles registered globally (excluding China) from January to August this year was approximately 288.3 GWh, an increase of 27.3% compared to the same period last year.

However, the market share of three South Korean domestic battery companies, LG Energy Solution, SK On, and Samsung SDI, was 38.3%, a decrease of 6.5 percentage points compared to the same period last year.

LG Energy Solution ranked second, just behind China's CATL. Battery usage increased by 11.2% year-on-year to 61.3 GWh.

SK On, ranked third, had 29.0 GWh of battery usage, an increase of 19.8% compared to last year.

In contrast, Samsung SDI's battery usage decreased by 9% during the same period, dropping to 20.0 GWh, ranking sixth.

Japan's Panasonic, a major supplier for Tesla, saw its battery usage grow by 16%, reaching 25.8 GWh, maintaining the fourth position.

Chinese companies continue to grow in overseas markets, with low-cost lithium iron phosphate (LFP) batteries performing particularly well.

CATL, ranked first, had battery usage that increased by 36.8% year-on-year to 83.8 GWh, maintaining an absolute leading position with a 29.1% market share.

BYD's battery usage in markets outside China also increased by 148.6%, reaching 22.4 GWh, maintaining the fifth position.

BYD produces both batteries and electric vehicles, and is rapidly expanding its overseas market due to its price competitiveness.

Notably, BYD's battery usage in Europe increased by 263.1% in the first half of this year.

Five Chinese companies, including CATL, BYD, Farasis Energy (7th), Gotion High-tech (8th), and Envision AESC (9th), made it into the top ten.

Original: www.toutiao.com/article/1848570049152010/

Statement: This article represents the views of the author.