On November 6, SNE Research released data on global electric vehicle (EV) battery installed capacity from January to September 2024. During this period, global EV battery installations reached 599 GWh, representing a year-on-year increase of 23.4%.
The top 10 companies are CATL, BYD, LG Energy Solution, CALB, SK On, Samsung SDI, Panasonic, Gotion High-Tech, EVE Energy, and Sunwoda.
Notably, six of these top 10 companies are Chinese, with a combined installation capacity of 388.9 GWh, capturing a robust 64.9% of the market share.
In terms of the ranking, compared to data from January to August this year, there were some changes in the rankings. CALB officially surpassed SK On, securing the fourth spot globally, while Gotion High-Tech moved ahead of EVE Energy to claim eighth place.
As early as the first eight months of this year, CALB had matched Korean competitor SK On’s installation volumes, with CALB posting a year-on-year growth rate of 24.5%. And CALB’s growth rate also exceeds SK On’s 8%.
In terms of installation volume, CATL and BYD maintain their leading positions. CATL remains first worldwide with a total installation volume of 219.6 GWh and a market share of 36.7%. BYD ranks second globally with 98.5 GWh installed and a market share of 16.4%.
LG Energy Solution follows in third place with 72.4 GWh, capturing 12.1% market share; CALB is fourth with 29.3 GWh and 4.9% market share; SK On ranks fifth with 28.5 GWh and a 4.8% share; while Panasonic ranks sixth with 25.7 GWh, holding a 4.3% market share.
Notably,Panasonic is the only Japanese company in the top 10 and continues to show a decline, with its growth rate dropping by 20.2% year-on-year. This decrease may be partly due to declining sales following the latest redesign of Tesla’s Model 3.
However, with potential sales increases of the Model 3 and the scaling up of Panasonic’s 4680 battery production, Panasonic’s installation volume is likey to improve.
Source: WeChat Official Account—电池工业网
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