South Korea-based research firm SNE Research recently released an analysis of non-Chinese global EV battery usage in 2022. LG Energy Solution topped the list again with a market share of 29.7%, maintaining a comfortable lead from CATL, the first runner-up.
According to SNE Research, global EV battery usage, excluding the China market, reached 219.3GWh in 2022, growing 45.2% from 2021. When comparing with the research firm's data about the world's 2022 EV battery usage, one can find that China took up about 42.3% of global battery installation last year.
Top 10 EV battery companies by global usage in non-Chinese markets | ||||
Rank | Company | 2022 usage (GWh) | Growth rate (%) | 2022 market share (%) |
1 | LGES | 65.2 | 22.9 | 29.7 |
2 | CATL | 48.8 | 131 | 22.3 |
3 | Panasonic | 37.5 | 5.1 | 17.1 |
4 | SK On | 27.8 | 65.2 | 12.7 |
5 | Samsung SDI | 24 | 70.1 | 11 |
6 | AESC | 4.3 | -1.1 | 2 |
7 | Farasis | 2.1 | 1794.4 | 0.9 |
8 | PEVE | 2 | -5.9 | 0.9 |
9 | Sunwoda | 1.5 | 74.5 | 0.7 |
10 | BYD | 1.4 | 114.4 | 0.6 |
Source: SNE Research, compiled by DIGITIMES Asia, February 2023
South Korea-based LGES, SK On and Samsung SDI accounted for 53.4% of the non-China market share, a minor decline from 55.6% in 2021.
LGES saw its battery usage increase by 22.9% last year in markets excluding China. SNE Research said the sales of Tesla Model 3 and Model Y, Volkswagen ID. 3 and 4, and Ford Mustang Mach-E boosted LGES' growth.
SK On and Samsung SDI experienced more significant growth at 65.2% and 70%, respectively, thanks to the increasing popularity of Hyundai and BMW, Audi models.
China-based CATL grew by 131% to 48.8GWh last year in EV battery usage outside China. According to SNE Research, the battery maker's growth was primarily driven by the sales of Peugeot e-208/2008 and MG ZS. Supplies to Tesla Model 3 made in China and exported to other countries also contributed to the usage rise.
The rivalry between CATL and LGES is expected to become more fierce as the US is poised to scale up its EV market and the European Union bans new gasoline and diesel car sales from 2035.
LGES intends to gain a global presence with a production ramp-up in North American plants, which target 55GWh of capacity in 2023. The company has two joint battery plants with General Motors in Ohio and Tennessee. The third joint plant will be built in Michigan.
LGES also will construct a joint factory with Honda in Ohio and another one with Stellantis in Canada.
On the contrary, CATL just secured a foothold in US battery production with Ford's partnership announced last week. The company will license its technologies to the carmaker's new battery plant in Michigan.
CATL built its first overseas battery plant in Germany. The facility became operational at the end of 2022. The battery maker announced its second project in Europe last year. It will invest EUR7.34 billion (US$7.85 billion) to build a plant in Hungary.
