Who makes EV batteries?

Despite efforts from the United States and Europe to increase the domestic production of batteries, the market is still dominated by Asian suppliers. The top 10 producers are all Asian companies. Currently, Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

Where do EV batteries come from?

The top 10 producers are all Asian companies. Currently, Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%). The leading battery supplier, CATL, expanded its market share from 32% in 2021 to 34% in 2022. One-third of the world’s EV batteries come from the Chinese company.

Who is the largest EV battery manufacturer in 2022?

Let’s start with the 10 largest EV battery manufacturers through most of 2022, but then also look at how this list is different from a few years ago. As you can see above, CATL (Contemporary Amperex Technology Co. Limited) is the big dog. It commands more than a third of the global EV battery market all by itself (just above one third, 34%).

Where are electric vehicle batteries made?

Unsurprisingly, Asia is the leading continent for electric vehicle battery manufacturing. In fact, it still retains the majority share in the industry, leaving just 8% of the battery market to the rest of the world.

Which companies supply 87 percent of EV batteries?

Just six companies —BYD, CATL, LG Energy Solution, Panasonic, Samsung SDI, and SK Innovation—were responsible for supplying 87 percent of batteries and battery metals in passenger EVs in the second half of 2020.

Who makes the best EV batteries?

3. BYD Co. One of the world’s largest producers of rechargeable batteries and firmly seated at the top of the passenger EV market, BYD is working across a number of business sectors to deliver sustainable power and electrified transport.