Gasgoo News Recently, data released by South Korean market research organization SNE Research showed that in April 2022, the global installed capacity of electric vehicle batteries reached 27.1 GWh, a year-on-year increase of 52.3%, maintaining steady growth for 22 consecutive months. Among them, CATL still leads the list strongly, while BYD continued to maintain a stable offensive after surpassing Panasonic , successfully surpassing LG New Energy and ranking second.
In the list of global electric vehicle battery installed capacity in April, CATL, BYD and LG New Energy were the top three battery manufacturers. Among them, CATL is far ahead with an installed capacity of 8 GWh, but the year-on-year growth rate (49.5%) has narrowed compared with the previous two months, and its market share has also dropped from 30.1% in the same period last year to 29.6%; BYD's installed capacity has increased sharply by 233% year-on-year. %, the market share increased by 8.6 percentage points, ranking second; LG new energy installed capacity decreased by 22.6% year-on-year, and it was the only battery company on the list with a year-on-year decline in installed capacity. Its market share also decreased by 12.3 percentage points, and its ranking also fell by one. to third place.
Panasonic installed less than LG New Energy by 0.3 GWh, but its market share increased from 10.6% to 11.9%, ranking fourth; SK On ranked fifth with an increase of 137.5%; Samsung SDI surpassed it with an advantage of 0.4 GWh China Airlines ranked sixth, but its year-on-year growth rate was only 25.9%.
Zhongxinhang, Guoxuan Hi-Tech , Xinwangda and Honeycomb Energy ranked seventh to tenth respectively. The installed capacity and market share of China New Aviation and Guoxuan Hi-Tech have both increased; Sunwanda's installed capacity soared 709.4% year-on-year, and its market share increased from 0.3% to 1.7%, making it into the top ten for the first time this year; Honeycomb Energy's installed capacity It is only 0.1 GWh less than Sunwanda, but has a year-on-year growth of 131.4%.
SNE Research believes that in April, sales of Tesla Model 3 equipped with CATL and LG New Energy batteries dropped significantly in Europe and China, so BYD’s installed capacity in that month surpassed LG New Energy, but CATL and LG New Energy Installations are expected to return to past levels soon. In addition, although BYD's installed capacity continues to maintain stable and high growth, given the performance of LG New Energy in the past few months, BYD may not be able to maintain its second place in the future.
In the first four months of this year, the global installed capacity of electric vehicle batteries was 122.9 GWh, an increase of 83.4% over the same period last year, maintaining the growth trend that began in the second quarter of 2020. Among them, CATL ranked first with an installed capacity of 41.5 GWh and a market share of 33.7%; LG New Energy ranked second with its excellent installed capacity performance in the first quarter, but the year-on-year increase was only 19.1%; BYD's installed capacity increased by 224.5% year-on-year. %, the market share increased by 5.3 percentage points, further narrowing the gap with the second place; Panasonic ranked fourth with an installed capacity of 13.3 GWh, but the year-on-year growth was only 31.3%.
Except for the top four, the installed capacity of other battery companies does not exceed 10 GWh. Among them, SK On's installed capacity increased by more than 140% year-on-year, but its installed capacity was 4.7 GWh less than Panasonic, ranking fifth; China New Airlines surpassed Samsung SDI and ranked sixth with a slight advantage of 0.2 GWh, but it was 0.6 GWh lower than the first quarter. The advantage of GWh has narrowed, which shows that Samsung SDI is also stepping up to catch up; Guoxuan Hi-Tech remained in eighth place, with installed capacity increasing by 148.4% year-on-year.
Thanks to its excellent performance in April, Sunwanda entered the top ten of the list for the first time this year. Its installed capacity surged 770.3% year-on-year, and its market share increased by 1.1 percentage points; Honeycomb Energy fell behind in ninth place with a narrow gap of 0.1 GWh. , the ranking fell one place from the first quarter.
Overall, due to the impact of installed capacity in April, the gap between Chinese and Korean battery companies has further widened. The market share of Korean battery companies is approximately 25.9%, while the market share of Chinese battery companies is approximately 55.3%. Although Chinese battery companies account for a larger share of the list, the top five are still dominated by Japanese and Korean companies.
