Shulou(Shulou.com)11/24 Report--

CTOnews.com June 5 news, new energy market research institute SNE Research has now released the latest research report.

Data show that from January to April 2023, the number of power batteries in the world of electric vehicles (EV, PHEV, HEV) was about 182.5GWh, an increase of 49.0% over the same period last year. Among them, BYD has achieved triple-digit growth compared with last year by virtue of the expansion of its domestic market share in China, ranking second on the list.

In this area, Chinese companies continue to take the lead. Ningde era continued to dominate the list by surpassing 65Gwh, up 55.6 per cent year-on-year. BYD has grown steadily in China through vertical SCM integration such as internal battery supply and vehicle manufacturing, and has also achieved explosive growth in other regions such as Europe and Asia, eventually reaching 29.4Gwh performance, up 108.3 per cent from a year earlier.

According to reports, the market share of the three major South Korean companies totaled 23.4%, down 2.8 percentage points from the same period last year, but increased in battery use.

Among them, LG New Energy ranked third with an annual growth rate of 49.3% (25.7GWh), SK-On ranked fifth with 5.3% (9.5GWh) growth, and Samsung SDI ranked seventh with 28.4% (7.5GWh) growth.

Panasonic is the only Japanese company in the top 10, recording a total of 15.1GWh, up 35.9% from a year earlier. CTOnews.com Note: Panasonic is one of Tesla's main battery suppliers, and most of its batteries are used in Tesla's North American models.

Analysts believe that the growth of China's domestic market is likely to slow gradually in 2023, while Chinese battery suppliers are expected to enter overseas markets such as the United States and Europe, so it is seen as a strategic point to start the diversification of battery supply chains. In addition, as Chinese battery manufacturers actively enter the European market, the installation rate of lithium iron phosphate batteries in Europe is also expected to increase in the future.

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