On October 11, the latest data released by South Korean research institution SNE Research showed that the installed capacity of electric vehicle (EV, PHEV, HEV) batteries registered globally from January to August 2023 was approximately 429GWh, an increase of 48.9% over the same period last year.
Ranking of global power battery installed capacity from January to August 2023
Looking at the top 10 companies in terms of global power battery installation volume from January to August, Chinese companies still occupy six seats, namely CATL, BYD, China New Aviation, Everview Lithium Energy, Guoxuan Hi-Tech and Sunwanda, the main city The share is as high as 63.1%.
Specifically, from January to August, China’s CATL ranked first with a market share of 36.9%, and battery installed volume increased by 54.4% year-on-year to 158.3GWh; BYD’s battery installed volume increased by 87.1% year-on-year to 68.1GWh. Followed closely with a market share of 15.9%; Zhongxin’s aviation battery installed volume increased by 69% year-on-year to 20GWh, ranking sixth with a market share of 4.7%; Yiwei lithium battery installed vehicle volume increased by 142.8% year-on-year % to 9.2GWh, ranking 8th with a market share of 2.1%; Guoxuan Hi-Tech battery installation volume increased by 7.7% year-on-year to 9.1GWh, ranking 9th with a market share of 2.1%; Xinwanda Battery The installed vehicle volume increased by 30.4% year-on-year to 6.2GWh, ranking 10th with a market share of 1.4%. Among them, from January to August, only the installed volume of Yiwei lithium battery achieved triple-digit growth year-on-year.
In addition, from January to August, the battery installation volume of the three Korean battery companies all showed growth, but the market share fell by 1.0 percentage points from the same period last year to 23.4%. LG New Energy ranked 3rd, with a year-on-year increase of 58.5%, and the installed vehicle volume was 60.9GWh, with a market share of 14.2%. SK On and Samsung SDI ranked 5th and 7th respectively, with SK On increasing 16.5% year-on-year. The installed vehicle volume 21.7GWh, with a market share of 5.1%. Samsung SDI increased by 32.4% year-on-year, with an installed volume of 17.6GWh, with a market share of 4.1%.
As the only Japanese company to enter the top ten, Panasonic’s installed vehicle volume from January to August was 30.6GWh, an increase of 37.3% over the same period last year, and its market share was 7.1%.
SNE Research analyzed that the growth rate of global electric vehicle sales has slowed down recently. Car prices are cited as a major factor in the slowdown, with a market for low-cost electric vehicles emerging. In order to reduce the price of batteries, which account for the highest proportion of the cost of electric vehicles, many companies are using lithium iron phosphate batteries that are more price competitive than ternary batteries. It is understood that as the demand for lithium iron phosphate batteries for electric vehicles increases, South Korea’s three major companies that have been developing high-performance ternary batteries are also expanding to develop low-end electric vehicle batteries. As countries raise trade barriers, such as the U.S. Inflation Reduction Act (IRA), it has become difficult for Chinese companies with strong lithium iron phosphate batteries to directly enter the market, and changes in market share have attracted much attention. At the same time, South Korea’s three major companies are also pursuing lithium iron phosphate battery strategies.
In addition, in terms of the domestic market, on the same day (October 11), according to the monthly data for power and energy storage batteries in September 2023 released by the China Automotive Power Battery Industry Innovation Alliance, in terms of output, in September, my country’s total power and energy storage batteries The output was 77.4GWh, an increase of 5.6% month-on-month and 37.4% year-on-year. Among them, power battery production accounts for approximately 90.3%.
From January to September, my country’s total cumulative output of power and energy storage batteries was 533.7GWh, with cumulative output increasing by 44.9% year-on-year. Among them, power battery production accounts for approximately 92.1%.
In terms of sales, in September, my country’s total sales of power and energy storage batteries were 71.6GWh, a month-on-month increase of 10.1%. Among them, the sales volume of power batteries was 60.1GWh, accounting for 84.0%, a month-on-month increase of 9.2%, and a year-on-year increase of 29.3%; the energy storage battery sales were 11.5GWh, accounting for 16.0%, a month-on-month increase of 15.0%.
From January to September, my country’s total cumulative sales of power and energy storage batteries were 482.6GWh. Among them, the cumulative sales volume of power batteries was 425.0GWh, accounting for 88.0%, with a cumulative year-on-year growth of 15.7%; the sales volume of energy storage batteries was 57.6GWh, accounting for 12.0%.
In terms of exports, in September, my country’s total exports of power and energy storage batteries were 13.3GWh. Among them, the export sales of power batteries were 11.0GWh, accounting for 82.9%, a month-on-month increase of 3.8%, and a year-on-year increase of 50.5%. Export sales of energy storage batteries were 2.3GWh, accounting for 17.1%, a month-on-month increase of 23.3%.
From January to September, my country’s total exports of power and energy storage batteries reached 101.2GWh. Among them, the cumulative export sales of power batteries were 89.8GWh, accounting for 88.7%, with a cumulative year-on-year increase of 120.4%; the cumulative export sales of energy storage batteries were 11.4GWh, accounting for 11.3%.
In terms of vehicle installation volume, in September, my country’s power battery installed vehicle volume was 36.4GWh, a year-on-year increase of 15.1% and a month-on-month increase of 4.4%. Among them, the installed volume of ternary batteries was 12.2GWh, accounting for 33.6% of the total installed volume, a year-on-year increase of 9.1%, and a month-on-month increase of 13.2%; the installed volume of lithium iron phosphate batteries was 24.2GWh, accounting for 66.4% of the total installed volume, a year-on-year increase of 18.6%, and a month-on-month increase of 18.6%. An increase of 0.6%.
From January to September, the cumulative installed volume of power batteries in my country was 255.7GWh, a cumulative year-on-year increase of 32.0%. Among them, the cumulative installed volume of ternary batteries is 81.6GWh, accounting for 31.9% of the total installed volume, with a cumulative year-on-year growth of 5.7%; the cumulative installed volume of lithium iron phosphate batteries is 173.8GWh, accounting for 68.0% of the total installed volume, with a cumulative year-on-year growth of 49.4%.
In September, a total of 33 power battery companies in my country’s new energy vehicle market achieved vehicle installation support, 3 fewer than the same period last year. The power battery installed capacity of the top 3, top 5, and top 10 power battery companies were 27.8GWh, 31.2GWh, and 35.5GWh respectively, accounting for 76.5%, 85.6%, and 97.5% of the total installed capacity respectively.
Top 15 domestic power battery companies in terms of vehicle installation volume in September
In September, the top fifteen domestic power battery companies in terms of installed vehicle volume were: CATL (14.35GWh, accounting for 39.41%), BYD (9.83GWh, accounting for 27%), China New Aviation (3.66GWh, accounting for 10.06%) %), Yiwei Lithium Energy (1.84GWh, accounting for 5.06%), Guoxuan Hi-Tech (1.47GWh, accounting for 4.04%), LG New Energy (1.28GWh, accounting for 3.52%), Honeycomb Energy (0.99GWh, accounting for 3.52%) accounted for 2.73%), Xinwangda (0.89GWh, accounted for 2.43%), Zhengli New Energy (0.68GWh, accounted for 1.87%), Funeng Technology (0.49GWh, accounted for 1.35%), Ruipu Lanjun ( 0.39GWh, accounting for 1.07%), polyfluoropolymer (0.26GWh, accounting for 0.71%), Henan Lithium Dynamics (0.06GWh, accounting for 0.18%), SK (0.04GWh, accounting for 0.1%), Gateway Power (0.1%) 0.03GWh, accounting for 0.09%).
From January to September, a total of 49 power battery companies in my country’s new energy vehicle market achieved vehicle installation support, one more than the same period last year. The power battery installed volume of the top 3, top 5, and top 10 power battery companies were respectively 206.1GWh, 227.1GWh and 249.2GWh, accounting for 80.6%, 88.8% and 97.5% of the total installed capacity respectively.
Top 15 domestic power battery companies in terms of vehicle installation volume from January to September
From January to September, the top 15 domestic power battery companies in terms of installed vehicle volume are: CATL (109.3GWh, accounting for 42.75%), BYD (74GWh, accounting for 28.94%), China New Aviation (22.81GWh, accounting for 22.81GWh, accounting for 28.94%) 8.92%), Yiwei Lithium Energy (11GWh, accounting for 4.3%), Guoxuan Hi-Tech (10.02GWh, accounting for 3.92%), Sunwoda (5.83GWh, accounting for 2.28%), LG New Energy (5.26GWh, Accounting for 2.06%), Honeycomb Energy (4.41GWh, accounting for 1.73%), Funeng Technology (3.33GWh, accounting for 1.3%), Zhengli New Energy (3.22GWh, accounting for 1.26%), Ruipu Lanjun ( 2.43GWh, accounting for 0.95%), Polyfluorocarbon (1.17GWh, accounting for 0.46%), Gateway Power (0.82GWh, accounting for 0.32%), Lishen (0.27GWh, accounting for 0.11%), SK (0.23 GWh, accounting for 0.09%).
Post time: Oct-12-2023