Korean media: South Korean batteries are losing ground in the global market!
On September 30, Korean media "Today's Finance" published an article stating that the use of electric vehicle batteries worldwide continues to grow. However, the global market share of three South Korean battery companies has continued to decline.
According to energy market research company SNE Research, the total battery usage for pure electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles registered globally from January to July this year was 590.7 GWh, an increase of 35.3% compared to the same period last year.
During the same period, the combined market share of three South Korean companies, LG Energy Solution, SK On, and Samsung SDI, was 16.7%, a decrease of 4.4 percentage points. LG Energy Solution maintained the third position with a market share of 9.5%, with battery usage reaching 56.1 GWh, an increase of 9.0%. SK On's battery usage reached 24.6 GWh (an increase of 17.4%), rising to fifth place, with a market share of 4.2%.
Meanwhile, Samsung SDI had 17.7 GWh, a decrease of 10.6%, and its market share dropped from 4.5% to 3.0%. According to analysis, this was due to reduced battery demand from major original equipment manufacturers in Europe and North America.
In the global market, Chinese companies have seen significant growth. CATL had 221.4 GWh, an increase of 34.0%, maintaining the top position with a 37.5% share, while BYD had 105.0 GWh (an increase of 52.4%), with its share increasing to 17.8%, ranking second.
In addition, six Chinese companies, including Contemporary Amperex Technology Co., Limited (4th), Guoxuan High-Tech (7th), Evergrande Lithium Energy (9th), and Foresight Energy (10th), have rapidly expanded and entered the top 10 globally. Panasonic from Japan ranked 6th, supplying batteries to its main client Tesla, with battery usage reaching 21.4 GWh.
SNE Research emphasized, "Regulatory tightening and supply chain restructuring are accelerating, especially in the United States and Europe. It is necessary to re-adjust product portfolios to determine which models to produce, where to produce them, and which materials to use. It is recommended to combine joint planning with automakers, long-term raw material contracts, and localization plans."
Original: www.toutiao.com/article/1844674759398539/
Statement: This article represents the views of the author."