's global share increased in January-June from January-May, while 's decreased slightly.

In January-June, global electric vehicle (EV) battery consumption totaled 304.3 GWh, up 50.1 percent from 202.8 GWh in the same period last year, according to data released August 3 by South Korean market researcher SNE Research.

CATL's battery installations from January to June amounted to 112.0 GWh, up 56.2 percent from 71.7 GWh in the same period last year.

The Chinese power battery giant continued to rank first in the world in the first half of the year with a 36.8 percent share, and remains the only battery supplier in the world with a market share of more than 30.0 percent.

That was up from its 35.4 percent share in the same period last year and from its 36.3 percent share in the January-May period.

CATL's batteries are installed in many of the major passenger EV models in the Chinese domestic market, such as the Model 3, Model Y, SAIC Mulan, GAC Aion Y, and ET5, as well as in Chinese commercial vehicles, and continue to grow steadily, SNE Research said.

BYD's power battery installations in January through June were 47.7 GWh, up 102.4 percent from 23.6 GWh in the same period last year.

The company ranked second in the January to June with a 15.7 percent share, up from 11.6 percent in the same period last year but down from 16.1 percent in the January to May period.

BYD has gained popularity in China's domestic market with its price competitiveness by establishing vertically integrated supply chain management, including battery self-sufficiency and vehicle manufacturing, SNE Research said.

With the launch of the Atto 3 model, BYD showed explosive growth by expanding its market share in Asia and Europe outside China, SNE Research said.

LG Energy Solution's power battery installations from January to June were 44.1 GWh, up 50.3 percent year-on-year.

The South Korean company was third in the world with a 14.5 percent share, unchanged from a year ago and up from 13.9 percent in the January-May period.

Japan's Panasonic was fourth with a 7.5 percent share, South Korea's SK On was fifth with a 5.2 percent share, and China's CALB was sixth with a 4.3 percent share.

South Korea's Samsung SDI, China's Eve Energy, Gotion High-tech, and Sunwoda ranked seventh, eighth, ninth, and tenth, respectively, with shares of 4.1 percent, 2.2 percent, 2.1 percent, and 1.5 percent from January to June.

Notably, Eve Energy's power battery installed base of 6.6 GWh was higher than Gotion High-tech's 6.5 GWh in January-June. In Jan-May, Eve Energy's power battery installed base was 5.1 GWh, lower than Gotion High-tech's 5.3 GWh.

Chinese companies are working with South Korean firms to circumvent US IRA regulations because South Korea has a free trade agreement (FTA) with the US, SNE Research said.

If battery materials for EVs are supplied through South Korea and exported to US companies, IRA conditions can be met, and the US government is considering tighter regulations for such a bypass strategy, according to SNE Research.

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