company news about Latest ranking! The world's top ten power battery manufacturers

     Demand for lithium-ion batteries from the automotive industry grew by about 65% last year, from 330GWh in 2021 to 550GWh. So, which companies are leading the way in supplying EV batteries?

Several large battery models will be launched on the market in 2023, and some will launch ultra-large battery models.

    CATL continued to maintain its leadership position, but its share fell from 31% to 29% due to slightly below-average growth. Perhaps with the recent Kirin battery and the upcoming (promising) Shenxing battery, the battery maker will regain lost market share.

Although LG has retained its second place, BYD's market share has increased from 13% in the first half of 2022 to 19% in the first half of this year (a year-on-year increase of 101%), which is threatening its runner-up status. BYD is expected to overtake LG in the near future - if not this year, then certainly in 2024.

   Panasonic was once the leader in the automotive electric vehicle (EV) business, but its position continues to slowly decline. It now ranks fourth with a share of 10%, down from 11% last year. With its main customer Tesla now effectively a multi-vendor OEM when it comes to batteries, and without another big customer to fill the void, the Japanese battery maker is losing out on the competition, which it has been doing for a long time. This is largely due to the investment in small electric vehicles that Japan's local car companies are still pursuing.

   Korean companies SK ON and Samsung ranked fifth and sixth respectively, followed by China Airlines (CALB), which grew slowly, ranked seventh.

   But the bright spots are behind - eighth-place Farasis Energy (+135% month-on-month), ninth-place Envision Power AESC (+125% month-on-month) and tenth place Sunwoda Electronics (+113% month-on-month) all hope to catch up. company of. They all have significant growth rates. This is thanks to the success of GAC and the addition of Mercedes as a Farasis customer. As for Vision AESC, its ongoing relationship with Nissan is the company's bread and butter, but the biggest boost this year will come from Mercedes' U.S. operations. While this doesn't matter in terms of total EV sales, when we remember that every EQS SUV has a 108KWh battery... it does make a difference. Finally, Sunwanda benefited greatly from the development of the Leap Motor startup and became its main battery supplier.

   As the electric vehicle market continues to grow rapidly, with annual growth rates between 40% and 50%, and average battery size increases, the battery market is expected to continue to grow at an even faster rate, with growth rates potentially reaching 50% in the next few years.

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