This article will introduce the top 10 global installed power battery companies, they are: CATL, LG Energy Solution, BYD, Panasonic, SK On, Samsung SDI, CALB, Gotion High-tech, Sunwoda, and SVOLT.
Table of Contents
In 2022, the global power battery installed base jumped 76% year-on-year to 202GWh, from which we can see that on the one hand, new energy vehicles are entering a rapid development stage and the demand for power batteries is huge; on the other hand, we can also see that global power battery manufacturers continue to invest in building factories to expand their battery production capacity.
CATL
Company profile:
Founded in 2011, CATL is a leading global new energy company dedicated to providing best-in-class solutions and services for new energy applications worldwide. Development of lithium battery industry for electric vehicles and energy storage systems as well as battery management systems are the company’s main businesses.
CATL holds a 34% market share in the installed power battery volume to occupy the top 10 global installed power battery companies.
CATL is the number one company in the world in terms of installed power battery capacity with a 34% market share. Nevertheless, CATL is still actively developing new power cells to improve its competitiveness.
Recently, CATL also entered into a partnership with VinFast to support the development of VinFast electric vehicles.
Total market value: 9455.58 billion CNY
Company website: www.catl.com
LG Energy Solution
Company profile:
LG Energy Solution was established in 2020 and power batteries, energy storage batteries are the main business of the company. As one of the top 10 global installed power battery companies,LG Energy Solution is exceptionally outstanding in power batteries, leading the energy industry of the future.
Of course, LG Energy Solution is actively applying its products to sea, land, and air, as well as space, in addition to developing power battery. This is the first company in the battery industry to apply power batteries to space suits, and it is also something that other top 10 global installed power battery companies need to learn from.
In the future, LG Energy Solution will carry the power battery on STELLANTIS’ new generation of new energy vehicles.
Total market value: 11.8 billion KRW
Company website: https://www.lgensol.com/en/index
BYD
Company profile:
BYD was established in 1995, and its business involves four major industries: automobile, rail transportation, new energy and electronics. In the field of battery, BYD has 100% independent R&D, design and production capacity. Therefore, the power batteries produced by BYD not only contribute to BYD becoming one of the top 10 global installed power battery companies, but also make BYD form a complete battery industry chain.
Meanwhile, BYD’s battery products are widely used in solar power plants, energy storage power plants and other new energy solutions. BYD is the world’s leading supplier of solar energy and energy storage solutions, and we believe that BYD can develop even more outstanding power batteries with its strong material and product R&D capabilities and automated equipment development and application capabilities.
Recently, BYD announced a partnership with artificial intelligence in smart driving technology. From the first half of 2023, BYD will equip DRIVE Hyperion platform on some of its new energy vehicles to realize intelligent driving and intelligent parking of vehicles.
Total market value: 762,603 million CNY
Company website: http://www.byd.com/cn/index.html
Panasonic
Company profile:
Panasonic was established in 1994 to produce home appliances as well as electronic products, and subsequently expanded into the production of electronic parts. At the same time, Panasonic has been developing its business in the field of power batteries. The company signed a cooperation agreement with Tesla Motors in the U.S., and thus Panasonic has maintained its position as the only supplier of power batteries for electric vehicles until today. This is also the company that can be the supplier of Tesla’s battery among the top 10 global installed power battery companies.
Recently, Panasonic will also invest heavily in the business of power battery to improve the competitiveness of this company itself.
Total market value: 21.228 billion USD
Company website: www.panasonic.cn
SK On
Company profile:
SK On was established in 2021, and SK On main business is also developing innovative battery technologies that are in line with the growth of the electric vehicle market and changing technology trends. Moreover, unlike other top 10 global installed power battery companies, SK On is a company that mainly researches high nickel technology.
Meanwhile, SK On develops power battery with high energy density, such as NCM622 battery and NCM811 battery. Both of these power cells are used in electric vehicles.
In the future, SK On will research battery technologies that take the environment into consideration. By developing efficient, high-capacity lithium-ion batteries and, most importantly, developing lithium ion battery anode and supplying them to electric vehicle companies worldwide, we will reduce air pollution.
Total market value: 16.59 trillion KRW
Company website: http://eng.sk-on.com/
Samsung SDI
Company profile:
Founded in 1970, Samsung SDI is a battery and electronic materials manufacturer. The company is actively developing power batteries that can be applied to automobiles and energy storage systems. At the same time, Samsung SDI has developed diverse, long-life power battery by utilizing its own experience in developing batteries for mobile devices.
In addition, Samsung SDI acquired shares of MSBS, which is engaged in the power battery business, in order to strengthen its competitiveness, which has enabled Samsung SDI to build a complete electric vehicle battery business system from battery cells and modules to battery packs, and to strive for the first place among the top 10 global companies with installed power battery capacity.
Total market value: 50.18 trillion KRW
Company website: https://www.samsungsdi.com/index.html
CALB
Company profile:
CALB was established in 2015, and the development markets of CALB are passenger cars, commercial vehicles and energy storage, CALB’s power batteries are characterized by high energy density, high safety, long life, fast charging and high power, which have become the core competitiveness of the products. It also enables CALB to occupy a seat among the top 10 global installed power battery companies and rank third among Chinese companies with a 6.16% share.
Recently, CALB announced the layout of its industrial base in Europe, which is another important step to accelerate the globalization of the company.
Total market value: 41.206 billion HKD
Company website: http://www.calb-tech.com/
Gotion High-tech
Company profile:
Gotion High-tech was founded in May 2006 and is the first company in China’s power battery industry to enter the capital market. The company has business segments of new energy vehicle power battery, energy storage, power transmission and distribution equipment, and has built independent and mature research and development, procurement, production and sales systems.
Of course, the company’s main products, lithium iron phosphate battery materials and cells, and power battery packs are widely used in the field of new energy vehicles. In the future, Gotion High-tech will base on power battery business, accelerate the expansion of energy storage business, improve the layout of the whole industry chain, and actively participate in global competition.
Total market value: 583.29 billion CNY
Company website: www.gotion.com.cn
Sunwoda
Company profile:
Sunwoda was founded in 1997, and its main business is the development, design, production and sales of lithium battery cells and modules. The company is a global leader in the field of lithium-ion batteries.
At the same time, Sunwoda, as one of the top 10 global installed power battery companies,also attaches great importance to the research and development of power battery, in order to be able to use the power battery in the electric vehicle battery system (cells, modules, BMS and PACK).
Recently, Sunwoda has released intensive expansion plans to continue to expand its power and energy storage battery business.
Total market value: 46,561 million CNY Company website: www.sunwoda.com
SVOLT
Company profile:
Founded in 2018, SVOLT is a new energy high-tech company specializing in the development and manufacture of automotive power battery and energy storage systems. The company’s ternary power battery has the advantages of high energy and high density, which can be applied to two wheeler electric bike and electric vehicles, with a wide range of applications. It is for this reason that SVOLT has become one of the top 10 global installed power battery companies.
Next, SVOLT plans to apply high-speed laminating technology to power battery to improve the competitiveness of the company’s power batteries.
Registered capital: 3243.18 million CNY Company website: https://www.svolt.cn/
Top 10 global installed power battery companies
This article will introduce the top 10 global installed power battery companies, they are: CATL, LG Energy Solution, BYD, Panasonic, SK On, Samsung SDI, CALB, Gotion High-tech, Sunwoda, and SVOLT.
In 2022, the global power battery installed base jumped 76% year-on-year to 202GWh, from which we can see that on the one hand, new energy vehicles are entering a rapid development stage and the demand for power batteries is huge; on the other hand, we can also see that global power battery manufacturers continue to invest in building factories to expand their battery production capacity.
CATL
Company profile:
Founded in 2011, CATL is a leading global new energy company dedicated to providing best-in-class solutions and services for new energy applications worldwide. Development of lithium battery industry for electric vehicles and energy storage systems as well as battery management systems are the company’s main businesses.
CATL holds a 34% market share in the installed power battery volume to occupy the top 10 global installed power battery companies.
CATL is the number one company in the world in terms of installed power battery capacity with a 34% market share. Nevertheless, CATL is still actively developing new power cells to improve its competitiveness.
Recently, CATL also entered into a partnership with VinFast to support the development of VinFast electric vehicles.
Total market value: 9455.58 billion CNY
Company website: www.catl.com
LG Energy Solution
Company profile:
LG Energy Solution was established in 2020 and power batteries, energy storage batteries are the main business of the company. As one of the top 10 global installed power battery companies,LG Energy Solution is exceptionally outstanding in power batteries, leading the energy industry of the future.
Of course, LG Energy Solution is actively applying its products to sea, land, and air, as well as space, in addition to developing power battery. This is the first company in the battery industry to apply power batteries to space suits, and it is also something that other top 10 global installed power battery companies need to learn from.
In the future, LG Energy Solution will carry the power battery on STELLANTIS’ new generation of new energy vehicles.
Total market value: 11.8 billion KRW
Company website: https://www.lgensol.com/en/index
BYD
Company profile:
BYD was established in 1995, and its business involves four major industries: automobile, rail transportation, new energy and electronics. In the field of battery, BYD has 100% independent R&D, design and production capacity. Therefore, the power batteries produced by BYD not only contribute to BYD becoming one of the top 10 global installed power battery companies, but also make BYD form a complete battery industry chain.
Meanwhile, BYD’s battery products are widely used in solar power plants, energy storage power plants and other new energy solutions. BYD is the world’s leading supplier of solar energy and energy storage solutions, and we believe that BYD can develop even more outstanding power batteries with its strong material and product R&D capabilities and automated equipment development and application capabilities.
Recently, BYD announced a partnership with artificial intelligence in smart driving technology. From the first half of 2023, BYD will equip DRIVE Hyperion platform on some of its new energy vehicles to realize intelligent driving and intelligent parking of vehicles.
Total market value: 762,603 million CNY
Company website: http://www.byd.com/cn/index.html
Panasonic
Company profile:
Panasonic was established in 1994 to produce home appliances as well as electronic products, and subsequently expanded into the production of electronic parts. At the same time, Panasonic has been developing its business in the field of power batteries. The company signed a cooperation agreement with Tesla Motors in the U.S., and thus Panasonic has maintained its position as the only supplier of power batteries for electric vehicles until today. This is also the company that can be the supplier of Tesla’s battery among the top 10 global installed power battery companies.
Recently, Panasonic will also invest heavily in the business of power battery to improve the competitiveness of this company itself.
Total market value: 21.228 billion USD
Company website: www.panasonic.cn
SK On
Company profile:
SK On was established in 2021, and SK On main business is also developing innovative battery technologies that are in line with the growth of the electric vehicle market and changing technology trends. Moreover, unlike other top 10 global installed power battery companies, SK On is a company that mainly researches high nickel technology.
Meanwhile, SK On develops power battery with high energy density, such as NCM622 battery and NCM811 battery. Both of these power cells are used in electric vehicles.
In the future, SK On will research battery technologies that take the environment into consideration. By developing efficient, high-capacity lithium-ion batteries and, most importantly, developing lithium ion battery anode and supplying them to electric vehicle companies worldwide, we will reduce air pollution.
Total market value: 16.59 trillion KRW
Company website: http://eng.sk-on.com/
Samsung SDI
Company profile:
Founded in 1970, Samsung SDI is a battery and electronic materials manufacturer. The company is actively developing power batteries that can be applied to automobiles and energy storage systems. At the same time, Samsung SDI has developed diverse, long-life power battery by utilizing its own experience in developing batteries for mobile devices.
In addition, Samsung SDI acquired shares of MSBS, which is engaged in the power battery business, in order to strengthen its competitiveness, which has enabled Samsung SDI to build a complete electric vehicle battery business system from battery cells and modules to battery packs, and to strive for the first place among the top 10 global companies with installed power battery capacity.
Total market value: 50.18 trillion KRW
Company website: https://www.samsungsdi.com/index.html
CALB
Company profile:
CALB was established in 2015, and the development markets of CALB are passenger cars, commercial vehicles and energy storage, CALB’s power batteries are characterized by high energy density, high safety, long life, fast charging and high power, which have become the core competitiveness of the products. It also enables CALB to occupy a seat among the top 10 global installed power battery companies and rank third among Chinese companies with a 6.16% share.
Recently, CALB announced the layout of its industrial base in Europe, which is another important step to accelerate the globalization of the company.
Total market value: 41.206 billion HKD
Company website: http://www.calb-tech.com/
Gotion High-tech
Company profile:
Gotion High-tech was founded in May 2006 and is the first company in China’s power battery industry to enter the capital market. The company has business segments of new energy vehicle power battery, energy storage, power transmission and distribution equipment, and has built independent and mature research and development, procurement, production and sales systems.
Of course, the company’s main products, lithium iron phosphate battery materials and cells, and power battery packs are widely used in the field of new energy vehicles. In the future, Gotion High-tech will base on power battery business, accelerate the expansion of energy storage business, improve the layout of the whole industry chain, and actively participate in global competition.
Total market value: 583.29 billion CNY
Company website: www.gotion.com.cn
Sunwoda
Company profile:
Sunwoda was founded in 1997, and its main business is the development, design, production and sales of lithium battery cells and modules. The company is a global leader in the field of lithium-ion batteries.
At the same time, Sunwoda, as one of the top 10 global installed power battery companies,also attaches great importance to the research and development of power battery, in order to be able to use the power battery in the electric vehicle battery system (cells, modules, BMS and PACK).
Recently, Sunwoda has released intensive expansion plans to continue to expand its power and energy storage battery business.
Total market value: 46,561 million CNY
Company website: www.sunwoda.com
SVOLT
Company profile:
Founded in 2018, SVOLT is a new energy high-tech company specializing in the development and manufacture of automotive power battery and energy storage systems. The company’s ternary power battery has the advantages of high energy and high density, which can be applied to two wheeler electric bike and electric vehicles, with a wide range of applications. It is for this reason that SVOLT has become one of the top 10 global installed power battery companies.
Next, SVOLT plans to apply high-speed laminating technology to power battery to improve the competitiveness of the company’s power batteries.
Registered capital: 3243.18 million CNY
Company website: https://www.svolt.cn/