In 2024, CATL secured the top position of companies by battery (power and energy storage) installed capacity in the global market in 2024, with an impressive 491 GWh, representing a 29% year-over-year increase. CATL’s market share reached 38%, up 2 percentage points from the previous year.
BYD claimed the second spot with 192 GWh in shipments, marking a 22% YoY growth and capturing a 15% market share. BYD further widened the gap with the third-ranked LG Energy Solution (LGES), increasing its lead from 20 GWh in 2023 to 64 GWh in 2024.
LG Energy Solution ranked third with 128 GWh in shipments, experiencing a 7% YoY decline. Its market share dropped to 10%, down 3 percentage points.
EVE Energy took fourth place with 68 GWh, achieving a strong 62% YoY growth. The company’s market share rose to 5%, a 1 percentage point increase, and its ranking improved by two positions compared to the previous year.
CALB ranked fifth with 64 GWh in shipments, showing a 52% YoY increase. Its market share stood at around 5%, up 1 percentage point, with a two-position climb in the rankings.
Gotion High-Tech secured the sixth position with 50 GWh in shipments, marking a significant 61% YoY growth. Its market share rose to approximately 4%, up 1 percentage point, and its ranking improved by three places.
Samsung SDI, in seventh place, shipped 48 GWh, reflecting a more than 17% YoY decline. Its market share dropped to about 4%, down 2 percentage points, with a three-place drop in the rankings.
Panasonic maintained its eighth position with 42 GWh in shipments, showing a slight 2% YoY increase. The market share stood at around 3%, down 1 percentage point, with no change in ranking.
SK On ranked ninth with 31 GWh in shipments, experiencing a significant 46% YoY drop. Its market share decreased to approximately 2%, down 3 percentage points, and its ranking fell by four places.
SVOLT rounded out the top ten with 22 GWh in shipments, achieving a 47% YoY growth. The company’s market share was around 2%, up 1 percentage point from the previous year.
Source: WeChat Official Account—电池中国
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