South Korean market research agency SNE Research recently released worldwide data on loaded capacities of electric vehicle power batteries during January-May of this year. During this five-month period, the global EV power battery loaded capacity reached 157.4 GWh, an on-year increase of 77.3%.
During May of this year, the global EV power battery loaded capacity reached 33.7 GWh, an on-year increase of 58.4% with steady growth for 23 months, despite slower momentum, Kallanish learns.
According to SNE Research, during May 2022, Chinese battery company CATL ranked the first globally in terms of EV power battery loaded capacity with the volume being 11.4 GWh, an on-year increase of 107.7%, and the market share being 33.9%.
Chinese automaker and battery producer BYD and South Korean battery maker LG Energy Solution (LGES) tied on May loaded capacity at 4.2 GWh, with equal market shares during this month being 12.5%. Yet, LGES's single-month loaded capacity during May decreased 24.8% on-year while that of BYD increased 171.9% y-o-y.
After these three companies, Panasonic, SK On, Samsung SDI, CALB, Gotion High-tech, Sunwoda, and EVE Energy ranked fourth through tenth, respectively.
More free articles from our archive
More Global Prices
Take a Free trial
Get daily steel news redirect to your inbox each day,
along with prices.