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

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.