LG Chem strengthens in first place, slightly ahead of CATL.

The EV battery market expands at a healthy rate, following the growing plug-in car market in Europe, and finally also in China.

SNE Research reports that in September some 15.7 GWh of EV battery shipment was counted globally, which is 55% more than a year ago.

The three top players - LG Chem, CATL and Panasonic - were responsible for 10.8 GWh or 69% of the total. As we can see on the chart below, LG Chem is not only #1 for the month, but it seems like it tripled its output.

Global EV Battery Shipment - September 2020:

  1. LG Chem - 3.8 GWh
  2. CATL - 3.6 GWh
  3. Panasonic - 3.4 GWh
  4. SK Innovation - 0.8 GWh
  5. Samsung SDI - 0.8 GWh
  6. BYD - 0.7 GWh
  7. CALB - 0.5 GWh
  8. FinDreams (BYD's sub-brand) - 0.4 GWh
  9. Envision AESC - 0.4 GWh
  10. PEVE - 0.2 GWh
external_image

Year-to-date 2020

Thanks to improving results in the past couple of months, the year-to-date EV battery shipment of 80.8 GWh almost matched the previous year (81.9 GWh).

Again, 54.8 GWh or 68% of the total comes from LG Chem, CATL and Panasonic.

Global EV Battery Shipment - YTD 2020:

  1. LG Chem - 19.9 GWh (more than doubled)
  2. CATL - 19.1 GWh (slightly down)
  3. Panasonic - 15.8 GWh (down)
  4. Samsung SDI - 5.0 GWh (up 67.5%)
  5. BYD - 4.5 GWh (halved)
  6. SK Innovation - 3.5 GWh (more than doubled)
  7. Envision AESC - 2.5 GWh (slightly down)
  8. CALB - 1.7 GWh (up)
  9. PEVE - 1.5 GWh (slightly down)
  10. Guoxuan - 1.4 GWh (down)

Total: 80.8 GWh (down 1.8% from 81.9 GWh)

external_image

A quick look at the market share chart:

external_image