CATL tops battery market share from January to August

Chinese battery giant CATL held a 34% market share in the global electric vehicle (EV) battery market from January to August, according to SNE Research.

South Korean rival LG Energy Solution controlled 21.5% during the same time period, while Japan’s Panasonic held 11.1%.

In terms of capacity, LG Energy Solution moved 39.7GWh during the time period, up 154% from the same time period a year ago.

SK Innovation shipped 8.8GWh, ranking fifth, while Samsung SDI moved 7.9GWh, ranking seventh.

In August alone, a total of 25.2GWh of batteries were used in EVs, up by 2.2 times year-on-year.

Total battery usage from January to August this year was 162GWh, an increase of 2.4 times from the same time a year ago.