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.
Still, the top three battery makers are responsible for two thirds (66%) of the total battery deployment, which highlights the importance of scale in this business, in order to have the most competitive product on the market. Panasonic, once upon a time a leader in the automotive EV business, has continued its slow slide down the table.
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.
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.
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