High 10 EV battery producers all Asian firms; China accounts for 56% of market, Korea 26% and Japan 10%

[ad_1]

The highest 10 world producers of Li-ion batteries for electrical autos are all Asian firms, in accordance to an evaluation posted on the Visible Capitalist. Chinese language firms make up 56% of the EV battery market, adopted by Korean firms (26%) and Japanese producers (10%).

China-based CATL, the world’s high provider, expanded its market share from 32% in 2021 to 34% in 2022. One-third of the world’s EV batteries come from the Chinese language firm, which supplies lithium-ion batteries to Tesla, Peugeot, Hyundai, Honda, BMW, Toyota, Volkswagen, and Volvo.

Korea’s LG Power presently stays the second-largest provider, intently adopted by BYD, which elbowed previous Panasonic from 2021 to 2022.

Top-10-EV-Battery-Manufacturers-by-Market-Share-2022_main_Sept9-1


Evbatteries

[ad_2]

Leave a Comment