As a well-known enterprise in South Korea, it can be called the pillar of South Korea's economy, and it is precisely for this reason that many Koreans like to call a company "another Samsung" when they praise a company for being influential in a certain field.
Recently, a Chinese company got this title in South Korea, this Chinese company has a lot of market influence in the field of power batteries, and its market share has reached 32.7%, and its revenue will exceed 400 billion in 2023.
According to the information released by the South Korean media, CATL's market position in the field of power batteries has a leading foundation like Samsung, and the sales of South Korea's three well-known battery companies LG, Samsung SDI and SK On last year did not add up to as much as Samsung.
It is worth noting that many Korean media now believe that in the field of power batteries, Korean companies may have completely lost the opportunity to turn around. On the surface, these words are praising CATL's recent outstanding performance and market influence, but in fact, the Korean media's remarks are a bit "insincere", or it can be said that they are "taking eye medicine".
In the field of power batteries, the market share of Chinese companies in the global market is about 60%, and the combined market share of Korean and Japanese companies is close to about 40%. Judging from this data, the performance of Chinese companies is indeed very good, but this is mainly based on the rapid development of China's new energy vehicle industry and the continuous increase in demand for power batteries in the Chinese market.
Nowadays, the technology in the field of power batteries can be said to be developing rapidly, solid-state battery technology has gradually developed and improved, more and more manufacturers have begun to pay attention to the research and development of solid-state batteries, and even many industry insiders and new energy vehicle manufacturers believe that solid-state batteries will become the mainstream in the future.
This also means that the field of power batteries will usher in a new stage, and companies that have mastered more core technologies in solid-state batteries will also be easier to achieve corner overtaking in the field of power batteries. Nowadays, Korean companies have been focusing on the research and development and breakthrough of solid-state battery technology, and the scale of investment is also growing.
According to public data, Samsung SDI's investment scale in 2023 will be 4.34 trillion won, a year-on-year increase of more than 50%, while South Korea's LG will invest more than 10 trillion won. In terms of solid-state batteries, the research and development of Korean companies is also very rapid, among which Samsung SDL is expected to mass produce solid-state batteries in 2027.
If this goal is achieved, it will be possible to change the development of the battery market, and many industry insiders have put forward similar views. There is no doubt that Chinese companies have indeed achieved outstanding results in power batteries and have won a lot of market share.
However, this does not mean that we have won completely, and under the industrial innovation brought about by solid-state batteries, if we cannot keep up with the pace of technology, then we are likely to be overtaken in corners. Therefore, although we have achieved good results, we also need to continue to pay attention to the changes in the market situation, strengthen the independent research and development of core technologies, and only by mastering more core technologies can we continue to maintain our advantages in the field of batteries.
Not only that, but now the attitude of the American and Western markets towards the power batteries of Chinese enterprises is not friendly, and in this case, the market share of Korean companies has gradually increased. This is also a big challenge for us, so we also need to pay more attention to the changes in technology and market conditions.
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