In 2024 the sector grew by 27.2% compared to 2023. Six companies in the People’s Republic in the top ten
The market of Batteries for electric cars or plug-in hybrids It runs fast and could not be otherwise. As far as slowly, electric cars are in fact making room in the global market. This is also due to regulations, such as the European one, which provide for the ban on enrollment of endothermic cars starting from a certain date (2035 as regards the EU). A greater production of EV (Electric Vehicle) involves, gaming, an increase in activities also for the car battery sector. In the latter, Chinese companies are the masters. According to a report by Sne Research (Korean society), There are six companies in the People’s Republic Present in the top ten of the producers who have installed multiple batteries on four -wheeled vehicles. It should be noted that that of the batteries is a world of Asian prerogative: the other four companies in Top Ten, in fact, are Korean.
A growing market
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As mentioned, that of the batteries is a great growth market. From the 703 GWh installed on electric cars, plug-in and hybrid hybrids of 2023, in fact, the 894.4 GWh of 2024 (+27.2%). A value that in 2018 was about 100 GWh and which in recent years has therefore had an average growth of 51.1%.
The top 10
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At the top of the installed batteries ranking there is Catl (339.3 GWh), followed at a distance from Byd (153.7 GWh), also Chinese. Closes the podium the podium LGKorean, with 96.3 GWh. Note that Catl and Byd alone have market share of more than 50%. Wooden medal for another company of the People’s Republic, the Calb (39.4 GWh). Then there is a Korean trio composed of SK ON (39 GWh), Panasonic (35.1 GWh) e Samsung SDI (29.6 GWh). Last three places for the Chinese Gotion (28.5 GWh), Eve (20.3 GWh) e Sunwoda (18.8 GWh).