With the continued innovation of the electric car and the car battery, it’s worth discussing the largest and most popular battery manufacturers in the world. Electric vehicles like Tesla have never been more beloved than they are right now, and this is due in large part to the strength of the battery manufacturers listed below.
China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel. Chinese companies supply 80% of the world’s battery cells and control nearly 60% of the EV battery market. 13. Amperex Technology Limited (ATL) 12. Envision AESC 11. Gotion High-tech 10.
According to SME Research, CATL is the world’s largest EV battery manufacturer, with 37.7% of the market share. Plus, it is the only battery supplier with a market share of over 30%. CATL has 6 R&D facilities, five in China and one in Germany. In 2023, they spent about $2.59 billion in R&D, an 18.35% increase from the previous year.
This was driven by demand from its own models and growth in third-party deals, including providing batteries for the made-in-Germany Tesla Model Y, Toyota bZ3, Changan UNI-V, Venucia V-Online, as well as several Haval and FAW models. The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment.
Currently the biggest lithium-ion battery manufacturers on the planet, CATL is responsible for the creation of 96.7 gigawatt hours (GWh) of the planet’s 296.8 GWh. As one of the biggest and most popular car battery companies in the world, there’s no doubt that CATL will continue to prioritize excellence and innovation in the years to come.
Combined, CATL, LG Energy Solution, BYD, and Panasonic make up more than 70 percent of the global market share of automotive battery sales in the first six months of 2022, with a total of 143.6 gigawatt hours worth of batteries sold.
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Ranked: The Top 10 EV Battery Manufacturers in 2023
In this graphic we rank the top 10 EV battery manufacturers by total battery deployment (measured in megawatt-hours) in 2023. The data is from EV Volumes. Contemporary Amperex Technology Co. Limited (CATL) has swiftly risen in less than a decade to claim the title of the largest global battery group.
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CATL is a world leader in making lithium-ion batteries for electric vehicles (EVs), energy storage systems, and battery management systems. It is the largest EV battery producer globally, manufacturing 96.7 GWh in one year—a 167.5% increase.
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Currently the biggest lithium-ion battery manufacturers on the planet, CATL is responsible for the creation of 96.7 gigawatt hours (GWh) of the planet''s 296.8 GWh. As one of the biggest and most popular car battery companies in the world, there''s no doubt that CATL will continue to prioritize excellence and innovation in the years to come.
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