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Changes in the installed capacity of power batteries for global top battery companies
The power battery is the power source that provides the power source for the tool. It mostly refers to the battery that provides power for electric vehicles and electric bicycles, and the golf cart batteries are the most common one. Recently, an agency released a report saying that in April 2022, the global installed capacity of power batteries reached 27.1GWh, a year-on-year increase of 52.3%, and maintained steady growth for 22 consecutive months.
Meanwhile, the installed capacity and market share of power batteries in the world's leading battery companies have also changed. Among them, the Top 10 power battery companies are: CATL, BYD, LG Energy Solution, Panasonic, SK On, Samsung SDI, CALB, GOTION HIGH-TECH, SUNWADA, and SVOLT. This article will provide you with comprehensive information about the Top 10 power battery companies in the world to help you better understand their latest trends.
Top 10 power battery companies in the world in 2022
① CATL
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Established time |
December 16, 2011 |
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Company location |
Fujian, China |
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Total market value |
1183.723 billion RMB |
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Company website |
https://www.catl.com/ |
Company profile:
CATL, which ranks first among the top 10 global power battery companies, is one of the first power battery manufacturers in China with international competitiveness, focusing on the research and development, production and sales of new energy vehicle power battery systems and energy storage systems. It is committed to providing first-class solutions for global new energy applications.
Its core technologies include the R&D and manufacturing capabilities of the entire industry chain in the field of power and energy storage batteries, materials, cells, battery systems, and battery recycling and secondary utilization. The biggest feature of the Ningde era is the ternary lithium battery with higher battery life. The biggest feature of the Ningde era is the ternary lithium battery with higher battery life. On February 8, 2022, the latest ranking of global power battery companies was released, and CATL ranked first in the world for five consecutive years.
Main products and services:
Power battery system, energy storage system and lithium battery material.
Latest news and related layout:
On June 16, 2022, CATL insiders said that CATL's CTP3.0 battery will be released soon. CTP3.0 battery, also called Kirin battery, adopts the third-generation CTP technology of CATL. Under the same electrochemical system and the same battery pack size, the energy density of the ternary high-nickel Kirin battery is 13% higher than that of the 4680 large cylindrical battery, which can theoretically provide a stronger battery life for electric vehicles.
In addition, CATL has also put forward a new goal to mass-produce batteries that meet the requirements of no thermal diffusion and have a cruising range of 1,000km in 2023, and is expected to mass-produce a battery-chassis combination using CTC technology in 2025. The two most important parts of the car are integrated into one.
② BYD
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Established time |
February 10, 1995 |
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Company location |
Guangdong, China |
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Total market value |
992.7 billion RMB |
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Company website |
http://www.byd.com/cn/ |
Company profile:
BYD's business layout covers electronics, automobiles, new energy and rail transportation, and plays an important role in these fields. BYD launched the "integration of light and storage", from energy acquisition, storage, to application, to build a zero-emission new energy overall solution. In the field of batteries, BYD has 100% independent research and development, design and production capabilities. With more than 20 years of continuous innovation, the products have covered consumer 3C batteries, power batteries (lithium iron phosphate batteries and ternary batteries), solar batteries, and energy storage batteries, and formed a complete battery industry chain.
In the field of power batteries for new energy vehicles, BYD's lithium iron phosphate batteries were once the pioneers of China power batteries. At present, BYD is the largest lithium iron phosphate battery manufacturer in the world. In addition to new energy vehicles and rail transit, BYD's battery products are widely used in solar power plants, energy storage power plants and other new energy solutions. BYD is the world's leading provider of solar and energy storage solutions.
Main products and services:
Consumer 3C batteries, power batteries (lithium iron phosphate batteries and ternary batteries), solar batteries, and energy storage batteries, etc.
Latest news and related layout:
On June 8, 2022, the executive vice president of BYD Group said that BYD will provide battery products for Tesla, and BYD, which has a high advantage in the field of lithium iron phosphate batteries, is likely to provide lithium iron phosphate batteries. In April, BYD, which ranks second among the top 10 power battery companies, achieved a high market share of power battery installed capacity by virtue of the stability of its own supply chain and the high sales of new energy vehicle products, narrowing the distance from the CATL.
③ LG Energy Solution
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Established time |
1992 |
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Global headquarters |
Seoul, South Korea |
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Total market value |
93.83 trillion KRW |
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Company website |
https://www.lgensol.com/en/ |
Company profile:
LG Energy Solution is part of the LG Group of South Korea. As a global leader in battery technology, LG Energy Solution's business covers power batteries, small batteries, and energy storage systems. At present, LG Energy Solution provides power battery products for Volkswagen, GM, Daimler, Ford, Hyundai, Kia, Audi, Porsche, Renault, Tesla and other leading global car brands.
Main products and services:
Automotive battery, mobility & IT battery and ESS battery
Recent layout:
Recently, LG Energy Solution announced that it will invest 580 billion KRW (about 3 billion RMB) to expand the production capacity of 9GWh of 4680 large cylindrical batteries at its second factory in Wuchang, and is expected to start mass production in the second half of 2023. LG Energy Solution's second factory in Wuchang will supply Tesla, and it is estimated that LG Energy Solution can earn nearly 2 trillion KRW (about 10.4 billion RMB) in revenue from Tesla's 4680 battery orders each year.
LG Energy Solution also announced that it will invest 150 billion KRW (about 780 million RMB) in the first factory in Wuchang to expand the 4GWh 2170 cylindrical battery capacity. LG Group said on May 26 that it plans to invest 106 trillion KRW (about 561.8 billion RMB) in electric vehicle batteries and other key business areas by 2026, including a new cylindrical battery production line at the Ochang factory.
④ Panasonic
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Established time |
March 13, 1918 |
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Global headquarters |
Osaka, Japan |
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Total market value |
20.584 billion USD |
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Company website |
https://www.na.panasonic.com/ |
Company profile:
Panasonic develops, manufactures, sells and services a range of electrical and electronic products. Its products are used in consumer electronics, housing, B2B and automotive. Panasonic, one of the pioneers in automotive lithium-ion batteries and currently one of the top three electric vehicle battery manufacturers, is entering a new phase in its automotive battery business.
Main products and services:
Battery storage, solar panels energy solutions
Recent layout:
On April 1, 2022, Panasonic issued a statement showing that it will invest 400 billion yen (about 20.8 billion RMB) in "growth areas" including electric vehicle batteries, and hydrogen energy will be invested within three years by fiscal year 2024. It will invest 200 billion Yen (about 10.4 billion RMB) in "technical pillars", and also plan to achieve a cumulative operating profit of 1.5 trillion Yen in the same period. Currently, Panasonic is negotiating the location of a U.S. factory where it plans to produce 4680 batteries for Tesla. It is reported that the multi-billion-dollar factory will be operational as soon as 2024 and may supply 4680 batteries to other automakers.
⑤ SK On
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Established time |
2011 |
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Company location |
Jongno-gu, South Korea |
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Total market value |
16.23 trillion KRW |
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Company website |
http://eng.skinnovation.com/ |
Company profile:
For the past 50 years, SK Innovation has led the Korean energy industry through continuous innovation and technology development, and has secured a global technology leadership position in the new energy field. SK Innovation has the entire value chain for the production of medium and large batteries from electrodes and separators.
SK Innovation announced that its lithium-ion EV battery business was officially divested on October 1, 2021, becoming a wholly-owned subsidiary named SK On. SK On is a South Korea-based company in its first full year as an independent electric vehicle battery maker. SK On's long-term vision is to become the world's leading producer of electric vehicle batteries. According to reports, the company will be ranked fifth in the global market share of electric vehicle batteries in 2021.
Main products and services:
High-energy density electrode, separators, cell,module and pack.
Recent layout:
On April 26, 2022, it was reported that SK On, the second largest battery giant in South Korea, plans to build a pilot production line for prismatic batteries. According to people familiar with the matter, the pilot production line will be built at the "SK On Energy Research Center" of the Daejeon Research Institute in South Korea and will be put into use as early as December this year.
Since last year, many of the company's customers have asked it to produce prismatic cells. SK On has sent out requests for quotations to equipment suppliers, which means the specifications for the prismatic cell may already be finalized, the people added. If SK On decides to push ahead with the commercialization of prismatic batteries, the company will become the second battery manufacturer in South Korea to produce prismatic batteries after Samsung SDI.
⑥ Samsung SDI
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Established time |
1970 |
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Global headquarters |
Gyeonggi-do, South Korea |
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Total market value |
37.38 trillion KRW |
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Company website |
https://www.samsungsdi.com/ |
Company profile:
Samsung SDI is a subsidiary of Samsung Group in the field of electronics, referring to the picture tube production department of Samsung in China. It is a battery and electronic materials manufacturer. Samsung SDI operates its business with Energy Solutions and Electronic Materials segment. The Energy Solution segment manufactures rechargeable batteries used for IT device, automotive, and Energy Storage System (ESS) applications, and the Electronic Materials segment produces materials for semiconductors and displays.
Main products and services:
Small-sized Li-ion battery, automotive battery, ESS, electronic materials
Recent layout:
On June 17, 2022, according to industry news, Samsung SDI is expanding its cylindrical battery production line to produce 4680 batteries for Tesla and other automakers. Samsung SDI is currently expanding small battery production lines at the Cheonan plant, some of which will be converted into pilot facilities to produce large batteries for electric vehicles, the sources said.
Samsung SDI is expected to produce battery samples in the first half of next year and start mass production in 2025. Samsung SDI is reportedly testing two types of large-sized cylindrical batteries. One is a 4680 battery; the other cell is fixed at 46mm in diameter, but the height remains to be determined. Samsung SDI is said to be negotiating this height with several corporate clients to acquire multiple clients other than Tesla.
⑦ CALB
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Established time |
December 8, 2015 |
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Company location |
Jiangsu, China |
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Registered capital |
1.506456558 billion RMB |
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Company website |
http://www.calb-tech.com/ |
Company profile:
Among the Top 10 power battery companies, CALB is the world's leading new energy technology company, dedicated to becoming a creator of energy value. It provides power and energy storage battery product solutions and high-quality new energy full life cycle services with the most valuable contribution to the world's outstanding automobile companies, energy storage and special application markets.
Main products and services:
Power and energy storage battery product solutions and new energy full life cycle services.
Recent layout:
From March 25th to March 27th, 2022, at the 8th ChinaEV100 in 2022, the One-Stop technology, which is unique to the world, is regarded as a typical representative of battery structure innovation. This technology starts from the underlying design principles, process principles, and first principles, and is redesigned based on the minimalist concept to achieve high functional integration, minimal structure, high safety, and high reliability. This is a revolutionary change. In addition, it is reported that on March 22, 2022, the People's Government of Pengshan District, Meishan City and CALB held a signing agreement for the Meishan Base Project of CALB’S power battery and energy storage system in Chengdu.
It is reported that this is the first power battery production base project in Meishan City, which promotes the full coverage of the Meishan lithium battery industry from upstream materials to downstream applications. This power battery production base project is also the second project invested by China Innovation Aviation in Meishan City after the cathode material project. This project is a leading project in the new energy and new material industry with a strong industry chain driving force.
⑧ GOTION HIGH-TECH
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Established time |
January 23, 1995 |
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Company location |
Anhui, China |
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Total market value |
75.927 billion |
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Company website |
https://www.gotion.com.cn/ |
Company profile:
GOTION HIGH-TECH is the first state-owned business in China's power battery industry to enter the capital market. It has business sectors such as new energy vehicle power batteries, energy storage, power transmission and distribution equipment. GOTION HIGH-TECH is one of the earliest enterprises in China engaged in the independent research and development, production and sales of new energy vehicle power lithium-ion batteries, specializing in the research and development, production and operation of new lithium-ion batteries and their materials. Its products are widely used in new energy vehicles such as pure electric commercial vehicles, passenger vehicles, logistics vehicles and hybrid vehicles, and have established long-term strategic partnerships with many major new energy vehicle companies in China.
Main products and services:
Lithium iron phosphate and ternary materials and batteries, power battery packs, battery management systems and energy storage battery packs, etc.
Recent layout:
Recently, the two production bases of GOTION HIGH-TECH, Yichun and Nanjing, have been put into operation, including the Yichun GOTION 10GWh project and the Nanjing new energy intelligent manufacturing 20GWh project, which has become a strong support for the company to achieve its overall production capacity target of 100GWh by the end of the year. On May 30, 2022, Yichun GOTION announced that the 10GWh production line was officially completed and put into operation. The project plans to build a 30GWh power battery project in two phases, and build a 15GWh power battery production line in the first phase, all of which will be put into operation by the end of 2022.
Among them, 10GWh will be completed and put into production at one time in May 2022. On May 28th, the GOTION New Energy Intelligent Manufacturing 20GWh project located in Liuhe District, Nanjing was officially put into operation. With the gradual release of production capacity, the company's production capacity layout in Nanjing will increase to 30GWh. According to the plan, the production capacity of GOTION HIGH-TECH will exceed 100GWh by the end of 2022 and 300GWh in 2025.
⑨ SUNWADA
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Established time |
December 9, 1997 |
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Company location |
Guangdong, China |
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Total market value |
56.004 billion RMB |
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Company website |
https://www.SUNWODA.com/ |
Company profile:
SUNWODA is mainly engaged in the research and development, design, production and sales of lithium battery cells and modules. After more than 20 years, the company has developed into a global leader in the field of lithium-ion batteries, and has formed six industrial groups of 3C consumer batteries, intelligent hardware, electric vehicle batteries, energy technology, intelligent manufacturing and industrial Internet, and third-party testing services. And it is committed to providing the society with more green, fast and efficient new energy integration solutions.
SUNWODA began to formally lay out the electric vehicle battery business in 2008, with electric vehicle battery systems (cells, modules, BMS and PACK) as the core of its products. The upstream extends to key links such as mineral raw materials, battery positive and negative materials, and the downstream extends to industries such as electric vehicles, energy storage power stations, and power battery cascade utilization, forming a business blueprint for the integration of the entire industry chain.
Meanwhile, taking advantage of the company's lithium battery energy storage integration and application technology advantages, SUNWODA focuses on the fields of electric power, network energy, home energy storage and portable energy storage to meet the diversified energy needs of customers, providing energy storage products including lithium batteries, multi-scenario integration solutions, energy investment and operation and other types of comprehensive energy service models.
Main products and services:
3C consumer batteries, intelligent hardware, electric vehicle batteries, energy technology, intelligent manufacturing and industrial internet, third-party testing services; electric vehicle battery systems (cells, modules, BMS and pack); mineral raw materials, battery positive and negative electrodes materials; electric vehicle, energy storage power station, power battery cascade utilization industry.
Recent layout:
In May 2022, SUNWODA ranked fifth among the top 15 companies in China power battery installations. Since the beginning of this year, SUNWODA has continued to deploy the power battery industry chain. At the beginning of March, SUNWODA received a fixed-point notification from ROEWE on the ZS12MCEHEV project, and supplied power battery assembly products for the ZS12MCEHEV project of SAC MOTOR. At the end of May, SUNWODA was designated as the supplier of the power battery to be developed in the X project of the e-GT NEV. It is reported that the demand for related models in the next six years (2020-2025) is expected to reach 366,000 units.
In addition, in March this year, SUNWODA announced two large-scale investments within a half-month interval, with a total planned investment of 20 billion RMB, and plans to expand production capacity to 50GWh. These include an investment of 12 billion RMB to build a 30GWh power battery production base project, and an investment of 8 billion RMB to build a 20GWh power battery and energy storage battery production base. Up to now, SUNWODA has six power battery production bases under construction, with a total investment of 77 billion RMB and an additional capacity of 160GWh.
⑩ SVOLT
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Established time |
February 12, 2018 |
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Company location |
Jiangsu, China |
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Registered capital |
324318.2011 million |
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Company website |
https://www.svolt.cn/ |
Company profile:
SVOLT was born out of Great Wall Motors. It is a new energy high-tech company specializing in the research, development and manufacture of automotive power batteries and energy storage systems. As one of the Top 10 power battery companies, SVOLT focuses on the R&D and manufacturing of automotive power battery materials, cells, modules, PACK, BMS, and energy storage products. Its business involves the entire upstream and downstream industry chain of lithium batteries.
Main products and services:
Automotive power battery materials, cells, modules, PACK, BMS and energy storage products.
Latest news and related layout:
On June 13, 2022, SVOLT, SICHUAN NEW ENERGY POWER and EVE signed a cooperation agreement in Chengdu, announcing that they would form a joint venture to jointly invest in the construction of a 30,000-ton/year lithium salt project in the Deyang-Aba Eco-Economic Industrial Park to accelerate the Sichuan's lithium battery industry layout.
Lithium salt, as the core raw material of power batteries, is subject to multiple factors such as demand, supply and development cycle, and the price has continued to rise in recent years. SVOLT attaches great importance to the supply of lithium resources. In 2017, it invested in Pilbara, an Australian lithium mining company, through an affiliated company, and directly invested in Guangxi Tianyuan New ENERGY MATERIALS and Yong Shan Lithium in China.
Lithium-ion batteries can be divided into consumer, power and energy storage batteries according to the application field. At present, power batteries and energy storage batteries are the areas with the greatest potential for future development of lithium batteries. Therefore, in addition to the Top 10 power battery companies described in this article, the Top 10 energy storage lithium battery companies on our website may also provide you with the information you want to know.
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