According to the latest report of SNE Research, a South Korean market research organization, from January to May 2022,The total installed capacity of electric vehicle power batteries in the world reached 157.4 GWh, a year-on-year increase of 77.3%the market has maintained this upward trend since the third quarter of 2020.
In terms of manufacturer rankings,CATL ranks first with a market share of 33.9%, with a total battery installation of 53.3 GWh; Annual increase of 112.1%; LG Energy Solutions (LG Energy Solutions) ranked second with a total installed capacity of 22.6 GWh, an annual increase of 7.9%; BYD ranked third with a total installed capacity of 19.0 GWh, an annual increase of 210.5 %. It was followed by Panasonic, SK On and Samsung SDI with total vehicle loadings of 16.5 GWh, 10.8 GWh and 6.9 GWh, respectively.
▲ Source: SNE Research
SNE Research pointed out that driven by the strong Chinese electric vehicle market,Many Chinese battery makers lead market growth, CATL and BYD lead the market, In addition, the market shares of most Chinese battery manufacturers, including China Innovation Aviation and Sunwoda, are increasing. On the other hand, Japanese manufacturers, including Panasonic, are still in a downward trend, and most of the growth rates are lower than the market average.
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