Global xEV Battery Market Doubles In July 2021

Chinese manufacturers note the highest growth rate year-over-year.

By: Mark Kane

Sep 12, 2021 at 6:57pm ET

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The global xEV (BEVs, PHEVs, HEVs) battery market continues to expand at a very high speed, more than doubling year-over-year in July.

According to SNE Research, the total battery capacity installed in passenger xEVs registered in July amounted to 20.7 GWh, which is 113% more than a year ago.

The number includes only battery capacity deployed in new passenger cars (buses and trucks are excluded).

As we can see, CATL remains the top player in the xEV battery market with 6.1 GWh (up 236%) and over 29% market share!

LG Chem's LG Energy Solution also notes high volume, but the year-over-year growth is not as high - 5.1 GWh (up 81%).

The highest growth rate is noted by the Chinese manufacturers like CATL, BYD and CALB. Panasonic's growth rate is relatively weak.

Global Passenger xEV Battery Shipment - July 2021

CATL - 6.1 GWh (up 236%) with 29.3% share
LG Chem's LG Energy Solution - 5.1 GWh (up 81%) with 24.5% share
Panasonic - 2.5 GWh (up 47%) with 11.9% share
BYD - 2.0 GWh (up 331%) with 9.6% share
SK Innovation - 1.2 GWh (up 81%) with 5.8% share
Samsung SDI - 1.0 GWh (up 14%) with 4.7% share
CALB - 0.7 GWh (up 357%) with 3.6% share
Guoxuan - 0.4 GWh (up 76%) with 1.9% share
Envision AESC - 0.3 GWh (down 7%) with 1.3% share
PEVE - 0.2 GWh (up 18%) with 1.1% share
other - 1.3 GWh (up 128%) with 6.4% share
Total - 20.7 GWh (up 113%)

Global Passenger xEV Battery Shipment - January-July 2021

Year-to-date, more than 126 GWh (up 154%) of batteries were deployed globally in new passenger xEVs.

CATL is slightly ahead of LG. Panasonic is in the middle between the two leaders and the rest of the group, led by BYD.

CATL - 34.2 GWh (up 280%) with 27.1% share
LG Chem's LG Energy Solution - 33.1 GWh (up 152%) with 26.2% share
Panasonic - 19.6 GWh (up 66%) with 15.5% share
BYD - 9.0 GWh (up 275%) with 7.2% share
Samsung SDI - 6.9 GWh (up 88%) with 5.4% share
SK Innovation - 6.4 GWh (up 143%) with 5.1% share
CALB - 3.9 GWh (up 323%) with 3.1% share
Envision AESC - 2.2 GWh (up 12%) with 1.8% share
Guoxuan - 2.2 GWh (up 206%) with 1.7% share
PEVE - 1.5 GWh (up 34%) with 1.2% share
other - 7.2 GWh (up 213%) with 5.7% share
Total - 126.2 GWh (up 154%)

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Global xEV Battery Shipment - July 2021

If we include the commercial vehicles, like buses and trucks, the total battery capacity deployed is even higher - 22.6 GWh (up 101%) in July. Passenger cars stand for close to 92% of all xEV batteries.

CATL - 7.4 GWh (up 169%) with 32.6% share
LG Chem's LG Energy Solution - 5.1 GWh (up 81%) with 22.5% share
Panasonic - 2.5 GWh (up 47%) with 10.9% share
BYD - 2.1 GWh (up 218%) with 9.3% share
SK Innovation - 1.3 GWh (up 91%) with 5.9% share
Samsung SDI - 1.0 GWh (up 12%) with 4.4% share
CALB - 0.7 GWh (up 355%) with 3.3% share
Guoxuan - 0.5 GWh (up 30%) with 2.1% share
Envision AESC - 0.3 GWh (down 7%) with 1.2% share
PEVE - 0.2 GWh (up 18%) with 1.0% share
other - 1.5 GWh (up 103%) with 6.8% share
Total - 22.6 GWh (up 101%)

Global xEV Battery Shipment - January-July 2021

Year-to-date xEV battery deployment amounted to 137.1 GWh (up 144%). 92% fall on passenger xEVs.

CATL - 41.2 GWh (up 218%) with 30.0% share
LG Chem's LG Energy Solution - 33.2 GWh (up 152%) with 24.2% share
Panasonic - 19.6 GWh (up 66%) with 14.3% share
BYD - 10.0 GWh (up 207%) with 7.3% share
SK Innovation - 7.4 GWh (up 148%) with 5.4% share
Samsung SDI - 7.0 GWh (up 87%) with 5.1% share
CALB - 3.9 GWh (up 322%) with 2.8% share
Guoxuan - 2.6 GWh (up 156%) with 1.9% share
Envision AESC - 2.2 GWh (up 12%) with 1.6% share
PEVE - 1.5 GWh (up 34%) with 1.1% share
other - 8.5 GWh (up 159%) with 6.2% share
Total - 137.1 GWh (up 144%)