LG Chem Is Now The Biggest xEV Battery Maker By Capacity

The passenger xEV battery market expanded in February to 5.2 GWh and LG Chem has become a new market leader - at least for a while.

LG Chem To Increase Battery Production In Poland To 70 GWh

Mark Kane

By: Mark Kane

Apr 7, 2020 at 8:27pm ET

Add InsideEVs as a preferred source in Google

Comment

The battery deployment for passenger xEVs (BEV, PHEV, HEV) in February 2020 amounted to 5.2 GWh, according to the latest report from Adamas Intelligence.

Despite that February was actually a very weak month of xEV car sales in China, the market actually expanded by 21% year-over-year.

Of course, the COVID-19 outbreak in China caused a collapse for CATL and BYD. On the other hand, outstanding sales results in Europe enabled LG Chem to become the biggest player in January and February, ahead of Panasonic.

"Year-to-date, the drop in monthly EV sales in China has negatively impacted battery capacity deployments of domestic cell suppliers CATL and BYD, while strong global sales of EVs using LG Chem cells, such as the Audi e-Tron Quattro, Hyundai Kona and Jaguar i-Pace, have thrust the South Korean cell supplier (and its NCM 6-Series cells) into the lead globally by GWh deployed in both January and February 2020."

Top manufacturers by battery deployment (capacity) in February 2020:

LG Chem: 1.8 GWh (34.6% share)
Panasonic
CATL
Samsung SDI / AESC (similar results)
BYD

"Moreover, in terms of cell chemistry deployments, we expect that CATL’s impending resurgence, coupled with rising deployment of LG Chem -made NCM 811 cells in China-made Tesla Model 3s, will push the market share of NCM 811 higher still.

However, over the medium-term we expect that NCM 811 may give back some market share to LFP in China as cell suppliers CATL, BYD and others go to market with next generation LFP cells and packs (see recent insight “LFP Market Share Drops in 2019 but Expect a Comeback with Cell-to-Pack“)."

Source: Adamas Intelligence

We want your opinion!

What would you like to see on Insideevs.com?

Take our 3 minute survey.

- The InsideEVs team

Share this Story

GO TO COMMENTS

(

)

Got a tip for us? Email: tips@insideevs.com

View all comments ( )

Trending

I Took A Rivian R2 On A Camping Trip To The Middle Of The Desert

Solid-State Cells Can Make The U.S. Competitive In Batteries Again: CEO

BYD's Futuristic EV Charger Can Run On Sunshine And Batteries

Google’s Gemini AI Assistant Now Works On Apple CarPlay

LG Chem Is Now The Biggest xEV Battery Maker By Capacity

The passenger xEV battery market expanded in February to 5.2 GWh and LG Chem has become a new market leader - at least for a while.

See also