- Japan’s Panasonic took third place with a 19.2 percent share
- Samsung SDI Co. and SK Innovation Co. were in fourth and fifth place, respectively
As per a report by Yonhap News Agengy, a market research firm SNE Research said that South Korean battery maker LG Energy Solution Ltd. was the second-biggest supplier of electric vehicle (EV) batteries in the first 11 months of the year following China’s CATL. It added that LG Energy Solution, which spun off from LG Chem Ltd. earlier this month, shipped 26.4 gigawatt-hour (GWh) equivalents of EV batteries in the January-November period. It accounted for 22.6 percent of the global market.
Combined market share by the three Korean battery makers doubled to 33.9 percent
It added that China’s CATL supplied 24.4 GWh equivalents of EV batteries over the period, It maintained its leading position with a 24.2 percent share. It said that Japan’s Panasonic took third place with a 19.2 percent share. Samsung SDI Co. and SK Innovation Co. were in fourth and fifth place, respectively.
The combined market share by the three Korean battery makers doubled to 33.9 percent compared with a year ago. This is due to robust demand for battery-powered vehicles.
