In recent years, countries have vigorously developed electric vehicle industry, making electric vehicle battery the latest strategic material. Latest data showed CATL's market share jumped sharply in the first quarter of this year, more than quadrupling from the same period last year, making it the world's largest battery supplier for pure electric vehicles.
In terms of EV battery usage, CATL's battery usage increased 320.8% to 15.1 GWh in the first quarter of this year, compared with 3.6 GWh in the same period last year, and its market share increased from 17% to 31.5%.
Chinese battery makers, led by CATL, are sweeping the global market at a breakneck pace, sparking fierce competition in the electric vehicle battery market, SNE Research noted. South Korean battery manufacturers are under intense pressure to lose market share.
LG Energy Solutions, the battery business spun off by LG Chem, ranked second with 20.5 per cent of the market, down slightly from 24.6 per cent in the same period last year. Samsung SDI ranks fifth with a market share of 5.3 per cent, while SK Innovation ranks sixth with a market share of 5.1 per cent.
The combined market share of the top three EV battery makers, LG Energy Solutions, Samsung Energy Materials and SK Innovation, fell to 30.9 percent in the first quarter from 37.8 percent in the same period last year as Chinese rivals caught up with them.
Models using LG Energy Solutions batteries include the Model Y, a mid-size Tesla SUV, the ID.3, an electric Volkswagen hatchback, and the Mustang Mach-E, a pure Ford tram.
Electric cars will account for just 2% of new car registrations in the U.S. in 2020, according to IHS Markit, a market-research firm. However, IHS expects that share to grow to 25-30 percent by 2030 and to 45-50 percent by 2035.