CATL and BYD continue to hold the top two spots as the world's largest battery makers in January-July, with several other Chinese companies in the top 10.
CATL and BYD (HKG: 1211, OTCMKTS: BYDDY) continued to hold the top 2 positions as the world's largest battery makers in January-July, latest figures show.
In the January-July period, total global electric vehicle (EV) battery usage was 434.4 GWh, up 22.4 percent from 355.0 GWh in the same period last year, according to data released on September 4 by South Korean market researcher SNE Research.
CATL's battery installations in the January-July period stood at 163.3 GWh, up 29.9 percent from 125.8 GWh in the same period last year.
The Chinese power battery giant continued to rank first in the world with a 37.6 percent share and remained the only battery supplier in the world with a market share of more than 30 percent.
That was higher than its 35.4 percent share in the January-July 2023 period and slightly lower than its 37.8 percent share in the January-June 2024 period.
BYD's power battery installations in January-July were 69.9 GWh, up 23.4 percent from 56.7 GWh in the same period last year.
The company ranked second in the January-July period with a 16.1 percent share, slightly higher than the 16.0 percent in the same period last year and up from 15.8 percent in the January-June period.
BYD fell below LG Energy Solution's share in the January-February period, but regained ground on the South Korean firm in the January-March period as its new energy vehicle (NEV) sales rebounded.
BYD's batteries are now mainly used in the company's own NEVs, and it is the world's largest NEV maker, selling a record 373,083 vehicles in August.
LG Energy Solution's power battery installations in the January-July period amounted to 53.9 GWh, up 5.2 percent year-on-year.
The South Korean company ranked third in the January-July period with a 12.4 percent share, down from 14.4 percent a year earlier and from 12.9 percent in the January-June period.
South Korea's SK On was fourth with a 4.7 percent share, China's CALB was fifth with 4.7 percent and South Korea's Samsung SDI was sixth with 4.3 percent.
Japan's Panasonic, China's Eve Energy, Gotion High-tech, and Sunwoda ranked seventh, eighth, ninth, and tenth, respectively, with shares of 4.3 percent, 2.6 percent, 2.2 percent, and 2.1 percent in the January-July ranking.
Eve Energy ranked 9th below Gotion in the January-June ranking.
China EV battery installations in Jul: CATL's share 47.3%, BYD 22.83%
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