Abstract:The TOP10 camp of overseas power battery loading volume has broken into a new face, and the three-legged pattern of China, Japan and South Korea will change?
Since its birth in the early 90s, the global lithium battery market competition pattern has experienced Japan's monopoly to Japan-South Korea hegemony and then to China, Japan and South Korea three-legged, the power battery market is also a long-term maintenance of China, Japan and South Korea three-way pattern, now, overseas power battery loading TOP10 camp into a new face.
Recently, SNE Research, a Korea research institution, disclosed data showing that from January to August 2024, the installed capacity of electric vehicles (EV, PHEV, HEV) power batteries sold globally (excluding China) was about 221.1GWh, a year-on-year increase of 11.1%.
Among the top 10 companies in the world (excluding China) in terms of power battery loading, there are 4 Chinese companies, 3 Korea companies, 2 Japan companies and 1 new United States company.
In terms of market share, among the top 10 companies, BYD, China Innovation Airlines, Funeng Technology, PPES and Tesla achieved positive year-on-year market share growth.
In terms of Chinese companies, from January to August, the four companies installed a total of 76.3GWh, with a combined market share of 34.4%.
Among them, from January to August, CATL continued to occupy the top spot with 58.5GWh of installed capacity, a year-on-year increase of 6.9%, and a market share of 26.3%; BYD's installed capacity was 8.8GWh, a year-on-year increase of 151.4%, and its market share reached 4.0%, ranking sixth; The installed capacity of China Innovation Airlines was 4.8GWh, a year-on-year increase of 380%, the highest growth rate among the top 10 companies, with a market share of 2.2%, ranking 8th; Funeng Technology installed 4.2GWh, a year-on-year increase of 68%, and its market share reached 1.9%, ranking 9th.
For Korea companies, the market share of the three major Korean battery companies fell by 2.3 percentage points to 46.4% from January to August, with a total of 103GWh of installed capacity.
From January to August, LG Energy Solution installed 57.3 GWh, a year-on-year increase of 3.2%, and its market share was 25.8%, ranking second. SK On ranked third, with an installed capacity of 24.4GWh, up 8.9% year-on-year, with a market share of 11%; Samsung SDI ranked fifth, with a loading volume of 21.3 GWh, a year-on-year increase of 9.8% and a market share of 9.6%.
LG Energy Solution has the highest installed capacity among the three Korean battery companies, and the subsequent growth is supported by sufficient orders. On October 15, LGES announced that it had signed two battery supply contracts with Ford Motor Company to supply Ford with batteries for large commercial vehicles in Europe. The two contract orders totalling 109GWh of 75GWh for six years, from 2027 to 2032; 34GWh for a period of 5 years, from 2026 to 2030.
In terms of Japan companies, from January to August, Panasonic ranked fourth, with 22.4GWh of loading, down 22.5% year-on-year, and was the only company among the top 10 companies with a year-on-year decline in loading, with a market share of 10.1%.
In addition, from January to August, the PPES of the battery joint venture between Toyota and Panasonic ranked 7th, with an installed capacity of 5.4GWh and a market share of 2.4%, a year-on-year increase of 54.3%.
PEVE, another battery company in Toyota's joint venture with Panasonic, fell to outside the top 10.
In September this year, it was reported that Toyota, Nissan, Panasonic and other companies will invest a total of 1 trillion yen (about 50 billion yuan) with the support of the Japan government to increase Japan's battery production capacity from 80GWh to 120GWh.
In terms of United States companies, among the top 10 companies in the world (excluding China) in terms of power battery loading, the new company on the list is Tesla, a new force in United States car manufacturing. This is also the first time that in addition to Chinese, Japanese and South Korean companies, other countries have entered the TOP10 camp.
From January to August, Tesla's installed capacity was 3.6GWh, with a market share of 1.6%.
Recently, foreign media reported that Tesla has launched four new versions of the battery project at the same time, and plans to launch four new batteries in 2026, including batteries for Robotaxi, Cybertruck and other electric vehicles.
Tesla also released a job posting on its official website a few days ago, the job title is "LFP Cathode Senior Battery Materials Engineer", which has sparked heated discussions, and it is reported that Tesla may be preparing for the internal production of lithium iron phosphate batteries.
In addition, on October 11, the 3,000,000th vehicle of the Shanghai Gigafactory officially rolled off the assembly line as a Model Y drove out of the production line of Tesla's Shanghai Gigafactory. Tesla's Shanghai Gigafactory delivered 675,000 vehicles in the first three quarters of this year, accounting for more than half of Tesla's global deliveries in the first three quarters. Of the 3 million vehicles rolled off the assembly line at the Shanghai Gigafactory, one-third were exported to overseas markets such as Europe and the Asia-Pacific region, and were highly recognized by overseas markets.
From January to August, Chinese companies still occupy 6 of the top 10 global power battery loading volumes, with CATL, BYD, China Innovation Airlines, EVE Lithium Energy, Guoxuan Hi-Tech, and Xinwangda with a total loading capacity of 332.3GWh, with a market share of 65.1%; The division of the three giants in Korea has intensified, Samsung SDI ranking 7th, LGES, SK On, Samsung SDI market share total 21.1%, down 3.4 percentage points from the same period last year, Japan company Panasonic ranked sixth with 22.4GWh of battery loading, but there was a negative growth of 22.5% compared with the same period last year.