Battery direct sales manufacturers ranking

Who makes the most EV batteries in the world?

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.

Which EV battery manufacturer has the largest market share?

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.

Which battery maker has the most competitive EV product?

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.

How big is the battery market?

The global battery market is projected to reach $329.8 billion by 2030, growing at a CAGR of 15.8%. The lithium-ion battery market alone is expected to exceed $182.5 billion by 2030, with an annual growth rate of 20.3%. Investment in this sector, both private and governmental, is rapidly expanding.

Is sunwoda a good battery supplier?

Finally, Sunwoda is greatly benefitting from the growth of the startup Leap Motor, which it is the main battery supplier for. With the EV market continuing to grow fast, and average battery size increasing, expect the battery market to continue growing even faster, with +/-50% growth rates likely in the next couple of years.

Will the Shenzhen battery market continue to increase in 2024?

And with other brands lining up to get their batteries in 2024 (Kia, KG Mobility, etc.), expect the Shenzhen make to continue increasing its share throughout the year. This was done at the cost of LG, which lost share in 2023, going from 17% in 2022 to 15% by the end of 2023.