LG Energy tops battery shipment outside of China
Korean firms controlled 54.9% from January to April, according to SNE Research
LG Energy Solution was the largest shipper of batteries globally, excluding China, from January to April this year, according to SNE Research.
The South Korean battery maker controlled a 34.9% market share during the period, overtaking Panasonic which had 27.1% for the top spot.
In the same time period, Samsung SDI had a market share of 10.2%, followed by CATL’s 10.1% and SK Innovation’s 9.8%.
The combined market share of the three Korean battery makers, LG Energy Solution, Samsung SDI and SK Innovation, was 54.9% from January to April.
LG Energy Solution supplies its batteries to Volkswagen ID.3 and ID.4 as well as for Ford Mustang Mach-E.
Samsung SDI supplies its goods to Audi e-tron, Fiat 400 and Ford Kuga PHEV.
SK Innovation provides its batteries to Kia Niro BEV, Hyundai Kona and Mercedes-Benz GLE PHEV.
SNE Research noted that the competition between the three Korean firms was heating up outside of China.