China’s CATL remained world’s top power battery company in 2022
China’s CATL remained world’s top power battery company in 2022

China’s CATL remained world’s top power battery company in 2022

 

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China’s CATL remained the world’s No. 1 in terms of electric vehicle battery and energy storage system installations, with its global market share rising to 39.8% from 30.3% in 2021, according to South Korean market research firm SNE Research.

South Korea’s LG Energy Solution ranked second globally, but its market share fell from 19.5% to 12.4%, showed the data.

It’s follwed by China’s BYD Co with global market share at 12.1%, Japan’s Panasonic at 6%, Samsung SDI at 5.5% and SK Innovation at 5.4%, according to the report.