The world’s top 10 Power Lithium battery manufacturing companies include China’s CATL, BYD Company, Panasonic, and Guoxuan, with a total of five large lithium battery companies. CATL had sales of 32.5 GWH last year and a market share of 27.87%, firmly ranking first in the world.
The top 100 lithium battery manufacturers operate primarily in China, Japan, and South Korea. These countries collectively account for nearly 90% of the market share in the global lithium battery production and power lithium battery field.
The Chinese company BYD ranked second with a market share of 15.8 percent, followed by South Korean LG Energy Solution with a market share of 13.6 percent. CATL (Contemporary Amperex Technology Co. Limited) was the largest battery manufacturer, having overtaken its main Chinese, South Korean, and Japanese competitors.
Lithium-ion batteries are produced in factories set up by Lishen in Tianjin, Qingdao, and Suzhou. With an annual production capacity of 15G watt-hour lithium-ion batteries, the international high-end market share ranks in the forefront of the global lithium-ion industry.
The size of South Korea's lithium-ion battery market is about 116.6 GWH, according to research published by SNEResearch. The top 10 companies in the market accounted for 86.87% of global sales, with combined sales of 101.3 GWH. Global sales of lithium-ion batteries were approximately this amount.
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price. The largest lithium-ion battery companies worldwide were located in the Asian continent. China, South Korea, and Japan led the ranking in 2023.
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