All Major EV Battery Manufacturers Are Based in Asia
What we’re showing?
The top 10 EV battery manufacturers by total battery deployment (measured in megawatt-hours) in 2023. The data is from EV Volumes.
Chinese Dominance
Contemporary Amperex Technology Co. Limited (CATL) has swiftly risen in less than a decade to claim the title of the largest global battery group. The Chinese company now has a 34% share of the market and supplies batteries to a range of made-in-China vehicles, including the Tesla Model Y, SAIC’s MG4/Mulan, and Li Auto models.
In 2023, BYD surpassed LG Energy Solution to claim second place. This was driven by demand from its own models and growth in third-party deals, including providing batteries for the made-in-Germany Tesla Model Y, Toyota bZ3, Changan UNI-V, Venucia V-Online, as well as several Haval and FAW models.
The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment.
Dataset
| Company | Country | Capacity of batteries manufactured 2023 (megawatt-hour) |
|---|---|---|
| CATL | China | 242,700 |
| BYD | China | 115,917 |
| LG Energy Solution | Korea | 108,487 |
| Panasonic | Japan | 56,560 |
| SK On | Korea | 40,711 |
| Samsung SDI | Korea | 35,703 |
| CALB | China | 23,493 |
| Farasis Energy | China | 16,527 |
| Envision AESC | China | 8,342 |
| Sunwoda | China | 6,979 |
| Other | - | 56,040 |