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The market share of South Korea's three major electric vehicle battery manufacturers declined significantly in the first 11 months of 2022 compared with the same period last year.

2025-03-26 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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According to the news on January 4, according to foreign media reports, in the current global electric vehicle battery field, in addition to domestic manufacturers such as Ningde Times, BYD, and Sina Airlines of China, there are also three major South Korean manufacturers, LG New Energy, SK On and Samsung SDI, which have a considerable share in the market share. Last year, their installed capacity was in the top six in the world for many months.

But in the first 11 months of last year, the global share of LG New Energy, SK On and Samsung SDI, three major Korean battery makers for electric vehicles, declined, according to the research institute.

In the first 11 months of last year, South Korea's big three electric car battery makers accounted for 23.1% of the global market, down 7.4 percentage points from the same period a year earlier, according to research institutions.

Specifically, the obvious decline in market share is LG New Energy, whose global share fell from 19.6% in the same period in 2021 to 12.3% in the first 11 months of last year, down 7.3% from the second largest supplier to the third largest supplier.

SK On's market fell 0.1% to 5.9% in the first 11 months of last year, making it still the fifth-largest supplier, while Samsung SDI still has a market share of 5%, still the sixth-largest supplier.

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