According to a report released on September 2nd by SNE Research, a South Korean energy market research firm, the total installed battery capacity of pure electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles registered globally from January to September this year was approximately 994.5 GWh, a year-on-year increase of 19.7%. Seven Chinese companies, led by CATL, held a market share of 73.0%, a year-on-year increase of 3.5 percentage points; while three South Korean companies—LG Chem, Samsung SDI, and SK On—held a market share of 12.6%, a year-on-year decrease of 4.1 percentage points.
Specifically, CATL ranked first with 389.2 GWh, a year-on-year increase of 24.9%. With the increase in overseas OEM customers, its market share rose from 37.5% to 39.1%, an increase of 1.6 percentage points. BYD ranked second with 150.9 GWh, an increase of 7.4%, but its market share decreased from 16.9% to 15.2%, a decrease of 1.7 percentage points.
Among South Korean companies, LG Chem maintained its third position with 81.9 GWh, a year-on-year increase of 0.7%. Although supplies to major automakers such as Hyundai Motor Group, Tesla, GM, and Volkswagen continued, market share fell from 9.8% to 8.2%, a decrease of 1.6 percentage points.
