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Korean power batteries' global ex-China market share down year-on-year in Jan-April
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South Korean market research organization “SNE Research” released data on the 10th, South Korea's three major power battery makers in the January-April this year in the market outside of China installed capacity share fell slightly year-on-year.

From January to April this year, the total installed capacity of all types of electric vehicle batteries in the global non-China market increased by 13.8% year-on-year to 101.1 gigawatt hours (GWh). The combined market share of South Korea's top three manufacturers fell 1.6 percentage points year-on-year to 46.7%.

Specifically, LG New Energy's installed capacity grew 7.1% year-on-year to 26 GWh, with a market share of 25.7%, ranking second; Samsung SDI's installed capacity grew 33.1% to 10.9 GWh, with a market share of 10.8%, ranking third; and SK on's installed capacity shrunk 1.3% year-on-year to 10.3 GWh, with a market share of 10.2%, ranking fourth.

Over the same period, Ningde Times installed capacity grew 16.2% to 27.7 GWh, leading the market share with 27.4%. Japan's Panasonic saw its installed base fall 29.2% to 10.1 GWh, dropping its market share (10%) to fifth. Another Chinese company, BYD, saw its installed capacity surge 164.8% year-on-year to 4 GWh and jumped to sixth with a 3.9% market share.

This article comes from the Yonhap News Agency .If copyright issues are involved, please contact us to delete.


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