SNE Research: CATL ranks first in the global EV battery market for the first five months of 2021

Samsung Electro-Mechanics announced on the 16th that it has succeeded in realizing the industry's highest capacity in terms of high-pressure MLCC applicable to electric vehicles and has started market targeting by expanding its line-up for high-end level automotive electronic components. The MLCCs developed this time are products that have the characteristics of 250V class 33nF (nanofarad) with low capacitance...

17 May 2023

Panasonic has released its financial results for the year 2023 so far and expectations for 2024. In the expansive document, there's a section depicting the areas where the company expects growth and one of them is automotive batteries. In order to take advantage of this expected growth, Panasonic mentions three key areas: Enhancing supply capabilities in the USA - the mass production of 2170 cells from the Kansas...

11 May 2023

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

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 Energy Solution today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities - one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). It marks the largest single...

24 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

According to The Elec, Samsung SDI will supply cylinder batteries for EVs to General Motors. For the purpose, the two companies will establish a joint venture that will build a battery factory with an annual capacity of 30GWh. So far, GM has been using pouch batteries from LG Energy Solution but last month it said it considers all types of cells. Samsung SDI has already announced its plans to invest 40 trillion won...

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

LG Energy Solution and Honda announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda. The JV will begin construction of a new battery plant early this year with the goal of completion by the end of 2024 and starting mass production of advanced lithium-ion battery cells by the end of 2025. The plant aims to have an annual...

16 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