From January to March 2024, the global TOP10 power battery loading enterprise pattern is generally stable, and the TOP10 is ruled by China, Japan and South Korea, of which China accounts for 6, South Korea 3, and Japan 1, they are CATL, BYD, LG Chem, Panasonic, Samsung SDI, SK On, China Innovation Airlines, Guoxuan Hi-Tech, EVE Lithium Energy, and Honeycomb Power.
Because the first two months of this year affected by the Spring Festival holiday, BYD car sales are not high, the installed capacity of power batteries was surpassed by LG new energy, BYD grew strongly in March, and the global cumulative installed capacity in the first quarter surpassed LG new energy, in the foreseeable time, LG will surpass the installed capacity of BYD power batteries will become a small probability event.
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From January to March 2024, the world's top 10 power battery installed capacity
2024年1-3月动力电池前十公司具体装机量分别为:宁德时代60GWh、比亚迪22.7GWh、LG化学21.6GWh、Panasonic 9.3GWh、三星SDI 8.4GWh、SK On 7.3GWh、中创新航6.3GWh、亿纬锂能3.6GWh、国轩高科3.4GWh、蜂巢动力2.7GWh。
Rounding of data according to SNE self-made tables
♦ In the first quarter of this year, only SK On and Panasonic decreased year-on-year among the top 10 global power battery installed capacity companies, and the other eight increased to varying degrees year-on-year, among which CATL maintained the global power battery installed capacity for seven consecutive years, a year-on-year increase of 32%.
SVOLT is the fastest growing among the top 10 companies in the world in terms of power battery loading, with a year-on-year increase of about 218%.
From January to March 2024, the share of the top 10 global power battery installed capacity will be shared
In the first quarter of 2024, the share of the top 10 global power battery installed capacity companies is: CATL 38%, BYD 14.3%, LG Chem 13.6%, Panasonic 5.8%, Samsung SDI 5.3%, SK On 4.6%, China Innovation Aviation 4%, EVE Lithium Energy 2.3%, Guoxuan Hi-Tech 2.1%, and Honeycomb Power 1.7%.
Rounding of data according to SNE self-made tables
In the first quarter of 2024, CATL's market share increased by about 3% compared to last year, expanding its lead, BYD increased by 2.4% year-on-year, and LG Energy Solution decreased its market share by 1.8% year-on-year although its installed capacity increased by 1.6GWh year-on-year.
From January to March 2024, the global power battery loading volume will reach about 159GWh, a year-on-year increase of about 22%, compared with the overall slowdown of 39% growth in the first quarter of 2023, and the share of 62.3% of China's six companies will increase by 3% year-on-year, but due to the unstable factor in the United States, it may undermine the development of Chinese battery companies in overseas markets.