Chinese EV Battery brands on the rise, Svolt enters Top 10 for the Chinese market

28 October 2020, 01:37:18

According to the Chinese market research firm Battery China, a total of 6.6GWh of EV batteries were deployed in September on the Chinese market which marks a 66.4% YoY increase and a 28.3% MoM increase. CATL took first place with a 47.1% market share, followed by BYD with a 14.4% share and LG Chem with a 13.8% share.

LG Chem's local performance is entirely dependent on the Tesla Model 3 orders. Vehicles from the Volkswagen and SAIC Motor joint venture will enter production later this month, so an increase in market share for the next month is expected.

AVIC might not sound familiar to people outside China but it is a long-established Li-Ion battery producer that has made a noticeable comeback, evidently, taking fourth place with a 4.9% market share. AVIC's customers' list for EV batteries includes GAC, Changan, Jinkang, Shanxi New Energy, GAC Toyota, Dongfeng, Geely, etc.

Another interesting fact is the Svolt entered the top ten list for the first time. The spin-off from Great Wall plans to invest CNY 10 billion for a 20GWh factory and an additional EUR 2 billion in Europe.

The SK Innovation and EVE Energy joint venture will start production in the second half of 2021, which could also result in a shift in the Top 10.Source

News related to CATL, BYD, LG Chem, Svolt or SK Innovation

SNE Research reported that the global EV battery market has recorded a 38.6% YoY growth in Q1 of 2023. The total amount of energy held by batteries for pure EVs, PHEVs, and HEVs was around 133 GWh. CATL remains the top market player with a growth rate of 35.9% and 35% market share. BYD experienced a staggering growth in the Q1 of 115.5% but ranks second in market share with 16.2%. LGES is third with a growth rate of...

5 May 2023

LG Chem is reinforcing its battery materials supply chain by joining hands with China’s Huayou Cobalt to build a precursor plant in Saemangeum National Industrial Complex, located 230 kilometers southwest of Seoul, Korea. LG Chem announced that it will sign a memorandum of understanding (MOU) with stakeholders on Wednesday, April 19, in an agreement to invest in a precursor plant in Saemangeum. The MOU-signing...

19 April 2023

CATL launched condensed battery, a cutting-edge battery technology at Auto Shanghai. With an energy density of up to 500 Wh/kg, it can achieve high energy density and a high level of safety at the same time in a creative manner, opening up a brand-new electrification scenario for passenger aircrafts. CATL can achieve mass production of condensed batteries in a short period of time. To address the changes of the...

19 April 2023

CATL's first sodium-ion battery will power Chery EV models. This was announced by CATL on Twitter. At the same time, Chery Auto held a press conference during which it presented its new iCar brand and also confirmed that CATL's first sodium-ion battery will power its EV models including the iCar GT two-door coupe and the iCAR 03. CATL and Chery Auto also jointly announced at the event that the two companies create a...

18 April 2023

LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market as demand for electric vehicles (EVs) continues to rise. LG Chem today proposed to license out its high-nickel cathode material patent to China-based cathode material suppliers. To that end, LG Chem plans to enforce its patent rights against other global...

20 March 2023

BYD introduces a new brand and new technology to the UK automotive marketplace. The all-new, all-electric BYD ATTO 3 is now available to order in the UK with customer deliveries starting from 15 March 2023. The first BYD ‘Pioneer’ stores will open imminently and are situated along the spine of UK including Birmingham, Manchester, Glasgow and Milton Keynes. The new BYD ATTO 3 is a spacious C-Segment SUV, combining...

8 March 2023

Piedmont Lithium, a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain, announced that it has signed agreements with LG Chem, under which LG Chem will make a $75 million equity investment in Piedmont and commit to the offtake of 200,000 metric tons of spodumene concentrate (SC6) from Piedmont's jointly-owned North American Lithium over a four-year term. LG Chem will...

19 February 2023

Ford has committed to producing both nickel cobalt manganese (NCM) and lithium iron phosphate (LFP) batteries in the U.S. The brand is investing $3.5 billion to build the country’s first automaker-backed LFP battery plant, offering customers a second battery technology within Ford’s EV lineup. This plant – called BlueOval Battery Park Michigan – initially will employ 2,500 people when production of LFP batteries...

14 February 2023

According to SNE Reasearch, the global battery usage for 2022 has been 518GWh - a 517.9% growth YoY. For this year, the research agency expects 749 GWh of batteries to be deployed in EVs, PHEVs, and HEVs. Being a South Korean company, SNE Research pays special attention to the three local companies that are major players in the EV battery market - Samsung SDI, SK On, and LG Energy Solution. Their production is...

8 February 2023

The Global Battery Alliance (GBA), the world's largest multi-stakeholder organization to establish a sustainable battery value chain by 2030, today launched the proof of concept for its Battery Passport at the World Economic Forum’s Annual Meeting in Davos. The Battery Passport is key to facilitating the rapid scaling of sustainable, circular, and responsible battery value chains to meet the targets of the Paris...

18 January 2023

BYD presented its new luxury model BYD Seal and the limited edition of BYD ATTO 3 in its iconic color Forest Green at the Indian Auto Expo 2023. BYD Seal, whose sales have exceeded 50,000 within 5 months in China, is planned to be launched in India by Q4 2023. As the All-New e6 and BYD ATTO 3 are already available in the local market, BYD Seal will be the third passenger EV released in India within two years. BYD...

12 January 2023

According to Digitimes Research reported by Digitimes Asia, the global sales of electric vehicles have reached 9.78 million units in 2022. The projected growth for this year is 49% to 14 million units sold globally. Of those, 9 million are expected to be sold in China only. Even now, China's share of the global EV sales is higher than 60%. For comparison, Europe sales account for 24% of the total sales, and USA...

11 January 2023

According to SK Innovation's announcement on the 21, SK On has successfully increased a total of KRW 2.8 trillion in paid-in capital. This is the sum of SK Innovation's investment, which is equal to KRW 2 trillion, and Korea Investment Private Equity’s investment of KRW 0.8 trillion. SK Innovation plans to invest KRW 1 trillion within this month and proceed with the remaining amount next year. This is SK...

22 December 2022

Today, SVOLT announced that on December 15, it has introduced in China the third generation of cell-to-pack solutions called “Dragon Armor” at the 3rd SVOLT Battery Day. The company uses cutting-edge technologies to raise the overall safety of the car battery to an even higher level. As a system solution that enables both a high level of safety and a long range, the battery can realize a range of up to 800 km for...

22 December 2022