In 2024, there is no doubt that Chinese battery companies will be far ahead in the world.
However, domestic batteries have been overcapacity, the "price war" has intensified, and even the capacity utilization rate of CATL is only more than 70%, so it has to go to overseas markets to dig gold. The well-known Honeycomb Energy, China Innovation Airlines, etc., are also scrambling to go to sea.
In such an era of involution, battery companies can only survive if they can go to sea.
Which battery companies have the strongest strength to go overseas? A research institute has released a research list, and if you look down, the ranking of the list will surprise you.
How to evaluate the global competitiveness of battery companies?
According to the analysis of research institutions, lithium battery companies need to perform well in these six dimensions in order to achieve high-quality going to sea, which are - scale, overseas base capacity layout, overseas operation capacity, key customer resources, industrial chain construction, and zero-carbon strategy.
Let's take a look at the strength of each company through these six dimensions:
First of all, the first indicator is the scale: among the top 10 power battery companies in the world, Chinese companies occupy six places. The market share of CATL, BYD and other companies in China and overseas continues to rise.
Second, production capacity layout: Envision Power, LG, Panasonic, SKI and other enterprises have earlier layout; The pace of overseas production of overseas bases of enterprises such as CATL and Funeng Technology is faster; LG, CATL, Envision Power and other enterprises are building and planning production capacity on a larger scale.
Third, overseas operation capabilities: LG has the largest number of countries, Sunwoda has the largest number of overseas offices, and Gotion Hi-Tech has the largest number of overseas R&D centers.
Fourth, the ability to develop overseas markets: Chinese lithium battery companies have occupied an important market share in international car companies, and the companies in the figure have a wealth of orders in hand in overseas markets.
Fifth, the participation of international shareholders and overseas customers: the participation of international shareholders has a strong guarantee effect on the development of overseas markets, and will help enterprises better control the cost of raw materials, product supply and other issues. The companies in the chart are doing well in this regard.
Finally, zero-carbon strategy: Overseas markets such as Europe and the United States have set up many "carbon barriers", and various companies are vigorously promoting zero-carbon, among which CATL and Envision Power have made faster progress, and have been approved for a number of zero-carbon factories, with mature and replicable experience.
Which battery companies are the most global?
Focusing on these six dimensions, the research institute comprehensively evaluates the global competitiveness of each company and divides them into three echelons. The rankings are shown in the figure. Among them, CATL, LG, Envision Power, Guoxuan Hi-Tech, and Panasonic are in the first echelon.
Note: In the first echelon, 4-5 of the above six sub-indicators are in the first echelon;
In the second echelon, 2-3 of the above six sub-indicators are in the first echelon;
In the third echelon, more than 2 of the above six sub-indicators are in the first/second echelon;
Do the rankings of research institutions match the rankings you have in mind?