Top 10 global power battery installations
According to data, from January to February 2022, the global installed capacity of electric vehicle batteries will reach 53.5GWh, a year-on-year increase of over 100%.(Here is an article to help you know more about the Top 10 power battery companies in 2021.) The top ten companies have a market share of 91.3%, and they are all from China, Japan and South Korea. Among them, Chinese companies occupy six seats, and the number of vehicles installed in the first two months has doubled, with a market share of 56.4%.
| Global power battery installed capacity ranking in January-February 2022 (unit: GWh) | ||||||
| Rank | Brand | Jan-Feb 2022 | Jan-Feb 2021 | Y-o-Y increase in installed capacity | Market share in Jan-Feb 2022 | Market share in Jan-Feb 2021 |
| 1 | CATL | 18.4 | 7.1 | 158.5% | 34.4% | 27.5% |
| 2 | LG New energy | 7.4 | 5.4 | 37.6% | 13.8% | 20.7% |
| 3 | BYD | 6.4 | 1.8 | 256.8% | 11.9% | 6.9% |
| 4 | Panasonic | 5.8 | 4.5 | 28.6% | 10.8% | 17.4% |
| 5 | SK On | 3.5 | 1.4 | 152.2% | 6.5% | 5.4% |
| 6 | CALB | 2.4 | 0.8 | 189.1% | 4.4% | 3.2% |
| 7 | Samsung | 2.0 | 1.5 | 30.7% | 3.8% | 6.0% |
| 8 | Guoxuan Hi-tech | 1.6 | 0.5 | 225.2% | 3.1% | 2.0% |
| 9 | SVOLT | 0.8 | 0.3 | 156.6% | 1.4% | 1.2% |
| 10 | EVE | 0.6 | 0.3 | 136.5% | 1.2% | 1.0% |
| Other | 4.7 | 2.3 | 104.5% | 8.7% | 8.8% | |
| Total | 53.5 | 25.8 | 106.9% | 100% | 100% | |
Top 10 global power battery installations
CATL
Company profile：
Ningde Times New Energy Technology Co., Ltd. was established on December 16, 2011. It is a world-leading new energy innovation technology company, focusing on the research and development, production and sales of new energy vehicle power battery systems and energy storage systems. New energy applications provide first-class solutions and services.
The core technologies include the R&D and manufacturing capabilities of the entire industry chain in the field of power and energy storage batteries, materials, cells, battery systems, and battery recycling and secondary utilization. From January to February, CATL ranked first in the list with a loading volume of 18.4GWh, and its global market share further increased, reaching 34.4%
According to SNE analysis, a number of Chinese companies led by CATL lead the market growth mainly due to the continuous expansion of the Chinese market, and most Chinese companies have increased their share.
Total market value: 1,116.664 billion RMB
Company website：www.catl.com
LG Chem
Company profile：
LG New Energy (LG Energy Solution), a subsidiary of South Korea’s LG Group. As a global leader in battery technology, LG’s new energy business covers power batteries, small batteries, and energy storage systems.
LG New Energy has more than 20,000 employees worldwide, has 23,610 electric vehicle battery patents, and has established a globalized production and operation system in China, South Korea, the United States, Europe, and Indonesia. At present, LG New Energy provides power battery products for Volkswagen, GM, Daimler, Ford, Hyundai, Kia, Audi, Porsche, Renault, Tesla and other leading global car brands.
In February 2022, LG Energy and General Motors will establish a fourth joint venture battery plant in the United States.
On March 24, it was reported that LG New Energy will spend nearly $1.4 billion to build a second independent electric vehicle battery factory in Arizona, USA; Canada builds its first large-scale domestic EV battery manufacturing plant.
Registered capital: 1445.6984 million US dollars
Company website：http://www.lgchemnj.com
BYD
Company profile：
BYD is a high-tech enterprise dedicated to “using technological innovation to satisfy people’s yearning for a better life”. BYD was established in February 1995. After more than 20 years of rapid development, BYD has established more than 30 industrial parks around the world, realizing its strategic layout on six continents.
BYD’s business layout covers electronics, automobiles, new energy and rail transportation, and plays a pivotal role in these fields. From energy acquisition, storage, to application, it builds a comprehensive zero-emission new energy solution.
BYD is a listed company in Hong Kong and Shenzhen, with both turnover and total market value exceeding RMB 100 billion. From January to February, BYD’s installed vehicle volume reached 6.4GWh, a year-on-year increase of 256.8%, ranking third with a market share of 11.9%.
According to data released by the China Automotive Power Battery Industry Innovation Alliance, from January to February, the total installed capacity of power batteries in China was 29.9GWh, a year-on-year increase of 109.7%. Among them, BYD (6.29GWh) has a market share of 21.07% in China.
Total market value: 653.930 billion RMB
Company website：http://www.byd.com/cn/index.html
Panasonic
Company profile：
Panasonic is a multinational company in Japan. It was founded by Matsushita Electric Industrial Co., Ltd. in 1918. It has developed brand products involving home appliances, digital audio-visual electronics, office products, aviation and many other fields and is world-renowned.
A few days ago, Panasonic’s official website announced that the company’s energy company will build a new production facility at its Wakayama plant in western Japan to produce new 4680 lithium-ion batteries for electric vehicles to expand its global business.
At the same time, according to Japan’s national broadcaster NHK, Panasonic is also planning to build a new factory in the United States and is considering finding suitable sites in Oklahoma and Kansas.
Supply lithium-ion batteries to Tesla and increase production to meet market demand for electric vehicles.On April 1, it was also reported that Panasonic said it plans to invest 600 billion yen (about 31.5 billion RMB) in core growth areas such as automotive batteries and hydrogen energy.
Total market capitalization: 21.716 billion US dollars
Company website：www.panasonic.cn
SK On
Company profile：
Founded on October 1, 2021 and headquartered in Seoul, SK On has been developing innovative battery technologies in response to the growth of the electric vehicle market and changing technology trends. Successfully developed high-energy-density electric vehicle batteries, and mass-produced NCM622 (2014), NCM811 (2018) and NCM9½½ (2021) batteries.
Different from the strong growth of Chinese companies, SK On’s installed capacity was 3.5GWh, a year-on-year increase of 152.2%. On March 14, SK On announced the signing of a memorandum of understanding with Ford and Koç Holding to establish a joint venture to produce electric vehicle (EV) batteries. The plant is scheduled to start operations by 2025, with an annual capacity of 30GWh to 45GWh.
Total market capitalization: 21.716 billion US dollars
Company website：http://www.sk-on.com/
CALB
Company profile：
Zhongxinhang is a high-tech enterprise specializing in the research, production, sales and market application development of lithium-ion power batteries, battery management systems, energy storage batteries and related integrated products and lithium battery materials. It is committed to providing complete products to global customers. Solutions and complete full life cycle services.
The company was established in 2007 and is headquartered in Henan, China. Its products have passed IATF16949 and other authoritative quality system certifications, and obtained CE, UL, TUV, RoHS and other international certifications.
As a nationally recognized enterprise technology center, it has established a professional independent research and development institution – China Innovation and Aviation Research Institute, dedicated to the research and development and application of key technologies of power batteries, and to create a new energy technology innovation platform with global influence.
From January to February, the total installed capacity of power batteries in China was 29.9GWh, a year-on-year increase of 109.7%. There are 41 power battery companies that have achieved vehicle loading. Among them, China Innovation Aviation (2.35GWh) has a market share of 7.87% in China.
Registered capital: 990.867116 million yuan
Company website：http://www.calb.cn
Samsung SDI
Company profile：
Samsung SDI is a subsidiary of Samsung Group in the field of electronics, referring to the picture tube production department of Samsung in China. Samsung SDI Co., Ltd. was established in 1970 to manufacture and sell batteries worldwide. China Samsung SDI has established 4 production plants in Tianjin, Shanghai, Shenzhen and Dongguan respectively.
It is the largest production base of picture tubes in the world. The company operates in three sectors, including chemicals, electronic materials and energy. In addition, it also provides small lithium-ion batteries for laptops, tablets, mobile phones, wearable devices, mobile phones, power banks, power tools, vacuum cleaners, electric scooters and ignition products, etc.
Different from the strong growth of Chinese companies, Samsung SDI installed 2GWh, a year-on-year increase of 30.7%.
Company website：www.samsungsdi.com
Total market capitalization: 7.494 billion US dollars
Gotion High-tech
Company profile：
Guoxuan Hi-Tech Co., Ltd. (hereinafter referred to as “Guoxuan Hi-Tech”) was established on January 23, 1995 and is headquartered in China. It is the first national enterprise in China’s power battery industry to enter the capital market. energy, power transmission and distribution equipment and other business sectors.
It is one of the earliest enterprises engaged in the independent research and development, production and sales of new energy vehicle power lithium-ion batteries in China.
The main products include lithium iron phosphate and ternary materials and batteries, power battery packs, battery management systems and energy storage battery packs. Products are widely used in new energy vehicles such as pure electric commercial vehicles, passenger vehicles, logistics vehicles and hybrid vehicles.
From January to February, Guoxuan Hi-Tech ranked eighth with a loading capacity of 1.6GWh, with a year-on-year increase of 225.2%. In addition, battery companies such as Guoxuan Hi-Tech are also accelerating their overseas deployment.
Total market value: 58.614 billion RMB
Company website：www.gotion.com.cn
SVOLT
Company profile：
Honeycomb Energy originated from Great Wall Motors. It is a new energy high-tech company specializing in the research, development and manufacture of automotive power batteries and energy storage systems. The company was incorporated in 2018 and is headquartered in Changzhou, Jiangsu.
Honeycomb Energy’s technology research and development platform covers the world and is synchronized with the world’s cutting-edge technologies.
On January 24, 2021 China’s auto patent statistics results were released, and Honeycomb Energy ranked first in the TOP20 list of China’s power battery patent disclosures in 2021 with 878 disclosures.
At the same time, on the TOP20 list of innovative entities in China’s new energy vehicle patent disclosures in 2021, Honeycomb Energy ranks second, with 899 patent disclosures.
From January to February, Honeycomb Energy ranked ninth with a loading capacity of 0.8GWh, a year-on-year increase of 156.6%. In addition, Honeycomb Energy is also accelerating its overseas layout.
Registered capital: 324318.2011 million RMB
Company website：https://www.svolt.cn/
EVE
Company profile：
EVE was established in 2001 and is headquartered in Huizhou, China. It is the largest supplier of high-energy lithium primary batteries in China and the fifth in the world. It was listed in the first batch of Shenzhen GEM in 2009. After 21 years of rapid development, it has become a globally competitive lithium battery platform company.
At the same time, it has core technologies and comprehensive solutions for consumer batteries and power batteries, and its products are widely used in the fields of Internet of Things and energy Internet.From January to February, Yiwei Lithium ranked tenth with a loading capacity of 0.6GWh, a year-on-year increase of 136.5%.
March 29, EVE issued an announcement to sign a letter of intent with a subsidiary of the Hungarian Debrecen government. The Company or its affiliated entities (to be designated later) intend to purchase the Target Real Estate from the Seller and establish a power battery manufacturing plant in Hungary in accordance with the terms and conditions set forth in this Letter of Intent.
Total market value: 141.65 billion
Company website：www.evebattery.com
Specifically, from January to February, CATL ranked first in the list with a loading volume of 18.4GWh, and the global market share further increased, reaching 34.4%; BYD’s installed vehicle volume reached 6.4GWh, a year-on-year increase of 256.8%, ranking third with a market share of 11.9%
China Innovation Airlines ranked sixth, with a loading volume of 2.4GWh, a year-on-year increase of 189.1%; Guoxuan Hi-Tech, SVOLT and EVE Lithium Energy ranked eighth, ninth and tenth with 1.6GWh, 0.8GWh and 0.6GWh of vehicle loadings, up 225.2%, 156.6% and 136.5% year-on-year respectively.
Unlike the strong growth of Chinese companies, the growth rates of the three South Korean companies were uneven, with a slight decline in their overall share. , LG New Energy ranked second with 7.4GWh, a year-on-year increase of 37.6%; SK On installed 3.5GWh, a year-on-year increase of 152.2%; Samsung SDI installed 2GWh, a year-on-year increase of 30.7%.
On the other hand, judging from the data in February, the global installed capacity of electric vehicle batteries was 25.9GWh, an increase of more than 2.2 times compared with the same period last year. SNE said that despite the impact of the new crown pneumonia epidemic, the electric vehicle battery market still achieved stable growth for 20 consecutive months.
According to SNE analysis, many Chinese companies led by CATL and BYD lead the market growth mainly due to the continuous expansion of the Chinese market, and most Chinese companies have increased their share.
According to the “White Paper on the Development of China’s New Energy Vehicle Industry (2022)” released by the research institute, in 2021, the global sales of new energy vehicles will reach 6.7 million units, a substantial increase of 102.4% year-on-year, of which the Chinese market sales will reach 3.548 million units, A year-on-year increase of 160.1%. Looking ahead to 2022, EVTank expects sales of new energy vehicles in China to reach 5.2 million units.
The continuous development of the new energy vehicle market has effectively increased the supporting demand for power batteries in my country. From a China point of view, data released by the China Automotive Power Battery Industry Innovation Alliance shows that from January to February, the installed capacity of power batteries in my country accumulated to 29.9GWh, a year-on-year increase of 109.7%.
There are 41 power battery companies that have achieved vehicle loading. Among them, CATL (14.7GWh), BYD (6.29GWh), and China Innovation Airlines (2.35GWh) have a China market share of 49.22%, 21.07%, and 7.87%, respectively.
In the first quarter of this year, Chinese, Japanese and Korean companies made efforts to deploy, and the layout moves continued:
On March 29, EVE Lithium Energy issued an announcement to sign a letter of intent with a subsidiary of the Hungarian Debrecen government. The company or its affiliated entity (designated later) intends to purchase the target real estate from the seller according to the terms and conditions stipulated in this letter of intent. Hungary established a power battery manufacturing plant.
Not only EVE Lithium Energy, but also battery companies such as Ningde Times, Funeng Technology, SVOLT, Weihong Power, and Guoxuan Hi-Tech are also accelerating their other countries deployment. A few days ago, Panasonic’s official website announced that the company’s energy company will build a new production facility at its Wakayama plant in western Japan to produce new 4680 lithium-ion batteries for electric vehicles to expand its global business.
At the same time, according to Japanese national broadcaster NHK, Panasonic also plans to build a new factory in the United States, according to people familiar with the matter. And consider finding suitable sites in Oklahoma and Kansas to supply Tesla with lithium ion battery and increase production to meet the market demand for electric vehicles. On April 1, it was also reported that Panasonic said it plans to invest 600 billion yen (about 31.5 billion yuan) in core growth areas such as automotive batteries and hydrogen energy.
On March 24, it was reported that LG New Energy will spend nearly $1.4 billion to build a second independent electric vehicle battery factory in Arizona, USA; On the same day, LG New Energy said it signed an agreement with U.S. automaker Stellantis to build the first large-scale Chinese electric vehicle battery manufacturing plant in Canada.
On March 14, SK On announced the signing of a memorandum of understanding with Ford and Koç Holding to establish a joint venture to produce electric vehicle (EV) batteries.
The plant is scheduled to start operations by 2025, with an annual capacity of 30GWh to 45GWh.
With the continuous implementation of other countries’ plans, power battery companies are accelerating their competition for global share. Who can continue to win in the next arms race is worth looking forward to.
