CATL sees battery sales surge 272% in first 5 months of 2021
LG Energy ranks 2nd, according to SNE Research
China’s CATL supplied the most number of electric car batteries in the world between January to May of this year, according to market research firm SNE Research.
Usage of CATL batteries during the time period increased 272% from the same time period in 2020.
LG Energy Solution’s was used the second most, followed by Panasonic of Japan and BYD of China.
South Korean companies Samsung SDI and SK Innovation ranked fifth and sixth, respectively.
Chinese battery firms recorded the strongest growth. BYD and CALB each recorded 207% and 417% growth from the same time period a year ago.
Chinese battery companies were rapidly expanding into Europe.
By comparison, South Korean companies recorded double digit growth over the same time period. LG Energy Solution was supplying its batteries for Tesla Model Y, Volkswagen ID.3 and ID.4, Ford Mustang Mach-E, among other models. Samsung SDI was supplying its batteries to Audi e-tron, Fiat 500e and Ford Kuga. SK Innovation’s was being used in Kia Niro and Hyundai Kona EV.
A total of 88.4GWh of electric car batteries were used from January to May, 2.6 times that of the same time period a year ago. SNE Research noted that electric vehicles sales was fast recovering from the COVID-19 pandemic.