Global electric vehicle battery market share from January to July: 36.6% in Ningde era and 16.0% in BYD

CTOnews.com, September 5, according to the latest data released by South Korean market research firm SNE Search, the total global electric vehicle battery consumption from January to July this year was 362.9 GWh, an increase of 49.2% from 243.2 GWh in the same period last year.

CTOnews.com learned from the report that CATL installed 132.9 GWh of automotive batteries in the first four months of this year, an increase of 54.3 percent from 86.1 GWh in the same period last year. Its market share is 36.6 per cent, up from 35.4 per cent in the same period last year, but lower than 36.8 per cent in January-June, making it the only car battery supplier in the world with a share of more than 30 per cent.

The report said that in addition to China's domestic market, Ningde era is actively expanding overseas markets, and its market share in Europe and North America is growing rapidly.

The report said that Ningde era batteries mainly supply Tesla Model Y / Model 3, GAC's EAN Y, SAIC Mulan and Chinese commercial vehicles, and continue to grow steadily.

BYD installed 58.1GWh batteries from January to July, up 94.1 per cent from 29.9GWh in the same period last year.

Its market share was 16%, up from 12.3% in the same period last year and 15.7% in the January-June period. SNE Research said BYD has gained a foothold through its price competitiveness by establishing vertically integrated supply chain management, including battery self-sufficiency and vehicle manufacturing.

The LG energy solution installed 51.4 GWh of power batteries from January to July, an increase of 53.2% over the same period last year. The South Korean company ranks third in the world with a market share of 14.2%, up slightly from 13.8% in the same period last year, but down from 14.5% in January-June.