CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-September period, with the former seeing a slight decrease in share and the latter remaining unchanged.
CATL and BYD (HKG: 1211, OTCMKTS: BYDDY) remained the world's two largest power battery makers in January-September, with the former losing share slightly and the latter remaining unchanged.
In the January-September period, global electric vehicle (EV) battery usage totaled 599.0 GWh, up 23.4 percent from 485.3 GWh in the same period a year ago, according to data released on November 6 by South Korean market researcher SNE Research.
CATL's EV battery installations in the January-September period amounted to 219.6 GWh, up 26.5 percent from 173.6 GWh in the same period last year.
The Chinese power battery giant continues to rank first in the world with a 36.7 percent share and remains the only battery supplier in the world with a market share of more than 30 percent.
This is higher than its 35.8 percent share in the January-September 2023 period, but down from its 37.1 percent share in the January-August 2024 period.
BYD's power battery installations were 98.5 GWh in January-September, up 28.0 percent from 77.0 GWh in the same period last year.
The company ranked second in the January-September period with a 16.4 percent share, up from 15.9 percent in the same period last year and flat from January-August.
For CATL and BYD, the latter's new energy vehicle (NEV) sales played a key role in the change in share.
In September, BYD sold 419,426 NEVs, its fourth consecutive record month, taking January-September sales to 2,747,875 units.
The company sold 502,657 NEVs in October, a new record and the first time it has sold more than 500,000 in a single month.
BYD fell below LG Energy Solution in EV battery share in the January-February period, but regained ground on the South Korean company in the January-March period, as its NEV sales rebounded.
LG Energy Solution's installed power battery volume in the January-September period was 72.4 GWh, up 4.3 percent year-on-year.
The South Korean firm was third in the January-September period with a 12.1 percent share, down from 14.3 percent a year ago and flat from January-August.
China's CALB was fourth with a 4.9 percent share, South Korea's SK On was fifth with a 4.8 percent share, and Japan's Panasonic was sixth with a 4.3 percent share.
South Korea's Samsung SDI, China's Gotion High-tech, Eve Energy, and Sunwoda ranked seventh, eighth, ninth, and tenth, respectively, with shares of 4.0 percent, 2.5 percent, 2.3 percent, and 2.1 percent, respectively, in the January-September period.
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