On May 6, 2026, South Korean research firm SNE Research released the latest data on global electric vehicle (EV) battery installations for the first quarter of 2026 (January-March).
According to the data, total battery usage for EVs, PHEVs, and HEVs worldwide reached approximately 244.6 GWh in Q1 2026, up 9.1% from the same period last year.
In terms of market share, seven Chinese battery manufacturers — CATL, BYD, CALB, Gotion High-Tech, EVE Energy, SVOLT, and Sunwoda — ranked among the global top 10 in Q1 2026. Together, these seven Chinese companies captured 71.4% of the global market.
Among South Korean battery makers, Samsung SDI fell out of the top 10, while LG Energy Solution and SK On both saw their market shares decline. The combined market share of the three Korean firms fell to 15.6% in Q1, down 2.1 % from a year earlier. Japan’s sole representative, Panasonic, saw its market share slip to 3.7%.
In terms of the year-on-year changes in installation volumes, BYD and SK On were the only two companies in the top 10 to record negative growth.
On May 6, 2026, South Korean research firm SNE Research released the latest data on global electric vehicle (EV) battery installations for the first quarter of 2026 (January-March).
According to the data, total battery usage for EVs, PHEVs, and HEVs worldwide reached approximately 244.6 GWh in Q1 2026, up 9.1% from the same period last year.
In terms of market share, seven Chinese battery manufacturers — CATL, BYD, CALB, Gotion High-Tech, EVE Energy, SVOLT, and Sunwoda — ranked among the global top 10 in Q1 2026. Together, these seven Chinese companies captured 71.4% of the global market.
Among South Korean battery makers, Samsung SDI fell out of the top 10, while LG Energy Solution and SK On both saw their market shares decline. The combined market share of the three Korean firms fell to 15.6% in Q1, down 2.1 % from a year earlier. Japan’s sole representative, Panasonic, saw its market share slip to 3.7%.
In terms of the year-on-year changes in installation volumes, BYD and SK On were the only two companies in the top 10 to record negative growth.
