{"id":14957,"date":"2022-02-08T17:47:41","date_gmt":"2022-02-08T22:47:41","guid":{"rendered":"https:\/\/autosector.com\/?p=14957"},"modified":"2022-02-08T17:47:41","modified_gmt":"2022-02-08T22:47:41","slug":"catl-continues-reign-as-the-worlds-largest-ev-battery-manufacturer-for-a-fifth-straight-year","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=14957","title":{"rendered":"CATL continues reign as the world’s largest EV battery manufacturer for a fifth straight year"},"content":{"rendered":"

New data from a South Korean research firm shows that EV battery manufacturer CATL<\/a> is once against the largest in the world by installed battery capacity. The company saw growth over 165% compared to 2020 and holds the title of world\u2019s largest battery manufacturer for the fifth year in a row.<\/p>\n

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Contemporary Amperex Technology Co Ltd., better known as CATL, is a global energy technology company and the leading\u00a0EV battery manufacturer<\/a>\u00a0in China. As a supplier to major EV automakers like Tesla, CATL has plenty of clients demanding its products, helping the company grow its capacity of installed EV batteries.<\/p>\n

In addition to supplying Tesla, CATL also provides EV batteries to companies like NIO and Volkswagen and will soon be providing the battery cells<\/a> for Fisker\u2019s upcoming Ocean SUV. Additionally, CATL has developed other battery technologies such as sodium-ion cells<\/a> as well as it\u2019s own recently announced EV battery swap brand<\/a>. <\/p>\n

With so many battery technologies being developed, it\u2019s easy to understand how a company like CATL has become the world\u2019s largest battery manufacturer. On that note, the latest data recapping 2021 only solidifies the company as the top dog in batteries.<\/p>\n

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Pie chart of EV battery market share based on installations \/ Data Source: SNE Research<\/figcaption><\/figure>\n

CATL remains the largest battery manufacturer by capacity<\/h2>\n

A recent report<\/a> by SNE Research<\/a><\/em> out of South Korea ranked the top 10 largest battery manufacturers based on electric vehicle\u00a0(EV, PHEV, HEV)-mounted batteries\u00a0sold in\u00a02021 throughout the globe. <\/p>\n

As you can see from the pie chart above, CATL takes the top spot with its name on 32.6% of all EV batteries installed in 2021. In 2021 alone, CATL\u2019s installed power battery capacity was 96.7 GWh up from 36.2 GWh a year prior \u2013 that\u2019s an increase of 167.13%.<\/p>\n

You may also notice a battle between China and South Korea within the top six spots on the list, as LG Energy Solution<\/a>, SK On, and Samsung SDI claim spots two, five, and six respectively. CATL\u2019s fellow Chinese manufacturer BYD took fourth.<\/p>\n

Lastly, Panasonic is representing Japan by taking bronze for 2021. Every other company in the world holds a piece of the EV battery pie that is less than 3% of the entire market.<\/p>\n

With a whole bunch of new EV models scheduled to debut this year<\/a> and beyond, the demand for EV batteries has never been higher. Who will claim the title of world\u2019s largest battery manufacturer next year? LG Energy Solution? Panasonic? Time will tell.<\/p>\n

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