74.7 percent increase in installed battery capacity in 2022

74.7 percent increase in installed battery capacity in 2022

According to data released on Jan. 4 by South Korean market research firm SNE Research, global installed battery capacity for electric vehicles totalling 446.0 GWh by the end of November 2022, up 74.7 percent year on year. CATL contributed a share of 165.7 GWh, up 101.8 percent year-on-year, and ranked first with a market share of 37.1 percent.

BYD and LG Energy Solution ranked second and third with 13.6 percent and 12.3 percent market share, respectively, from January to November. CATL thus settles at the front of the pack by a wide margin, a development that was already apparent at the 2022 half-year mark. Looking at the figures from the end of November, it is clear that the Chinese company has been able to further expand its position.

Chinese power battery giant CATL increased its global market share in November, while BYD's share declined slightly, according to the latest data. According to SNE Research, global installed electric vehicle battery capacity stood at 57.2 GWh in November 2022, up nearly 170 percent year-on-year.

CATL contributed 23.4 GWh in November, up 83.4 percent year-on-year, and ranked first with a 40.9 percent market share, compared with a 37.6 percent share in October. BYD was responsible for 8.9 GWh in November, up 147.6 percent year-on-year, and ranked second with a market share of 15.6 percent, down slightly from 16.2 percent in October.

South Korea's LG Energy Solution installed 6.8 GWh in November, 28 percent more than a year earlier, and ranked third with a market share of 11.9 percent. Panasonic ranked fourth with a market share of 5.8 percent, South Korea's Samsung SDI ranked fifth with a market share of 5.3 percent, and SK On ranked sixth with a market share of 4.4 percent. China's CALB, Gotion High-tech, Sunwoda and Eve Energy ranked seventh, eighth, ninth and tenth in November with shares of 3.6 percent, 2.5 percent, 1.8 percent and 1.4 percent, respectively.

CATL's battery technology is currently used by several e-car manufacturers worldwide. The Chinese company supplies BMW, Hyundai, Honda, Mercedes-Benz, Stellantis Group, Toyota, VW Group and Volvo, among others. Some domestic manufacturers from China also install battery cells from CATL.

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