Global EV battery market - a 38.6% YoY growth in Q1 of 2023

5 May 2023, 01:45:01

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 37.5% and 14.5% of market share. It is followed by Panasonic with a 37.7% growth and 9% market share. SK On is fifth with 5.1% and 5.3% market share. Samsung SDI is sixth with a significant growth of 52.9% but with a humble market share of 4.9%. The other brands that complete the top ten market players are CALB, Guoxuan, EVE, and Sunwoda.

Such an upward trend in the growth of the LGES, Samsung SDI, and SK On was mainly affected by sales of electric vehicle models equipped with batteries of each company. SK On continued to grow thanks to the increasing sale of the Hyundai Ioniq 5, KIA EV6, and VW ID.4. KIA EV9, about to be launched shortly, has been known to use high-capacity battery, which draws attention from the industry whether it can add more momentum to the growth of SK On. Samsung SDI exhibited the highest growth among the three Korean battery makers as BMW i4 and iX have drawn popularity on the global stage and Rivian's pick-up truck R1T/S has been sold in greater numbers. LGES has maintained a double-digit growth thanks to strong sales of the Tesla Model 3 and Model Y, Ford Mustang Mach-E, and Volkswagen ID. 3 and ID.4.

The usage of batteries made by Panasonic, the only Japanese company in the top ten list, consisted mostly of those installed in Tesla models in the North American market.

CATL maintained its global top position because its batteries have been highly sought after not only by Tesal for Model 3 and Model Y but also by Chinese commercial and passenger vehicles producers such as SAIC for its Mulan and GAC Group for the Aion Y. BYD has drawn great popularity in the Chinese domestic market based on its price competitiveness through vertical SCM integration such as in-house battery supply and vehicle manufacturing. As BYD is known to enter the European market as well as the Korean market soon, attention should be paid to potential changes in the growth of BYD.Source

News related to CATL, BYD, LGES, SK On, Samsung SDI, Panasonic, CALB, Guoxuan, EVE or Sunwoda

CATL unveiled one of its most ambitious technology lineups to date during its Super Technology Day event in Beijing, introducing six next‑generation battery systems and a fully integrated supercharging and battery‑swapping ecosystem designed to support the future of electrified mobility. The announcements span third‑generation fast‑charging technologies, aviation‑grade condensed batteries, hybrid‑focused chemistries...

24 April 2026

Chinese automaker BYD has expanded its Seal family with a new all-electric 2026 model - the Seal 06 GT - showcasing the company's latest battery and ultra‑fast charging technologies as it courts younger buyers and pushes to ease range anxiety. The two models are equipped with BYD's second‑generation Blade Battery and a flash charging system that the company says can take a battery from 10% to 70% in roughly five...

2 April 2026

InterBattery 2026 opened at Coex in Seoul on March 11, drawing large crowds from the first day and highlighting the growing global interest in advanced battery technologies. Samsung SDI hosted the largest booth at the event and presented a wide range of solutions designed to support the rapidly expanding AI ecosystem. Operating under the theme "AI Thinks. Battery Enables," the company emphasized how next‑generation...

12 March 2026

SK On is preparing a wide showcase for InterBattery 2026, which will be held from March 11 to 13 at COEX in Seoul, presenting technologies that reflect its expanding role in the global energy landscape. The company will highlight solutions that go beyond electric vehicles, extending into energy storage systems, robotics, and next‑generation industrial applications. The exhibition is organized into three thematic...

12 March 2026

BYD has introduced the Atto 3 EVO to the European market, positioning the new model as a major technological leap over the standard Atto 3 and a showcase for the company's latest 800‑volt e‑Platform 3.0. The electric SUV arrives with a WLTP combined range of up to 510 km, rapid 220 kW DC charging, and a dramatic performance boost that places it among the quickest compact electric SUVs available. The Atto 3 EVO...

11 February 2026

CHANGAN Automobile, together with battery giant CATL, has unveiled the world's first mass‑production passenger vehicle powered by sodium‑ion batteries, marking a pivotal moment in the global transition to next‑generation energy storage. The announcement was made during the "CHANGAN SDA Intelligence Milestone Release & Sodium‑Ion Battery Global Strategy Launch," where the company confirmed that the new vehicle will...

9 February 2026

Samsung SDI has signed a memorandum of understanding with Korean automaker KG Mobility (KGM) to jointly develop next‑generation battery pack technologies centered on Samsung SDI’s 46‑series cylindrical cells, the companies announced this week. The agreement, formalised at a ceremony held at KG Tower, commits both firms to collaborative research and market strategy exchanges aimed at commercialising high‑capacity...

24 December 2025

BYD has already impressed the European market with the Dolphin Surf, a model praised for its balance of affordability and performance. Yet the company appears to have an even more aggressive contender in the pipeline. At the Japan Motor Show held three weeks ago, BYD unveiled the RACCO, its first all-electric K-CAR, designed specifically for Japan. However, industry observers speculate that the RACCO might also...

20 November 2025

CATL, the world's largest power battery manufacturer, has begun mass production of its fifth-generation lithium iron phosphate (LFP) batteries, marking a major step forward in energy density and cycle life. Robin Zeng, the company's founder, chairman, and CEO, announced the milestone at the 2025 World Power Battery Conference in Yibin, Sichuan, highlighting CATL's continued leadership in advancing battery...

12 November 2025

Since 2022, the BMW Group and Solid Power, Inc. have intensified their collaboration to develop all-solid-state battery technology, advancing through a technology transfer agreement that recently culminated in the integration of Solid Power's large-format pure ASSB cells into a BMW i7 technology test vehicle. In October 2025, Samsung SDI joined the effort, forming a three-way collaboration that combines the...

31 October 2025

South Korea's LG Chem has been selected to supply cathode materials for Panasonic's battery production in North America, according to industry sources. This marks LG Chem's first direct deal with Panasonic, whose primary customer in the region is Tesla. Previously, LG Chem supplied cathodes to Prime Planet Energy & Solutions, a joint venture between Toyota and Panasonic. Panasonic operates a Gigafactory in Nevada...

23 October 2025

CATL presented the Shenxing Pro battery at IAA Mobility 2025. This is the world's first LFP battery that can achieve a sustained high-voltage supply, maintain power, and prevent fire and smoke after thermal runaway. Equipped with CATL's proprietary NP 3.0 technology, this EV battery is available in two variants: Shenxing Pro Super Long Life & Long Range Battery: The world's first LFP battery to deliver a 758 km WLTP...

8 September 2025

BYD has announced prices for its most accessible SUV yet: the ATTO 2. Available in two trim levels – Boost and Comfort – prices start from £30,850 on-the-road for Boost, while Comfort starts at £34,950 on-the-road. The ATTO 2 is a smart and agile urban electric car, with no compromise on comfort and "big-car" features. Blended with its compact dimensions, the ATTO 2 comes highly equipped as standard, with items such...

25 August 2025

CATL unveiled three groundbreaking EV battery products at its inaugural Super Tech Day: The Freevoy Dual-Power Battery, Naxtra - the world's first mass-produced sodium-ion battery, and the second-generation Shenxing Superfast Charging Battery, as well as an integrated 24V start/stop Naxtra battery for heavy-duty trucks. The Freevoy Dual-Power Battery introduces a pioneering cross-chemistry system design that...

24 April 2025