Source: SNE Research
It is learned on January 5 from Interface News, in November last year, CATL (300750.SZ) accounted for more than 40% of the global power battery market for the first time, while BYD (002594.SZ) ranked second in the world for the second consecutive month. At the same time, BYD’s cumulative installed vehicles in the first 11 months also surpassed LG New Energy and rose to the second place.
On January 4, the South Korean research institution SNE Research released statistics stating that from January to November last year, the total global power battery loading was 446 GWh, an increase of more than 70% year-on-year. Among them, the installed vehicle volume in November reached 57.2 GWh, a year-on-year increase of over 65%, showing a year-on-year growth trend for 29 consecutive months.
CATL installed 23.4 GWh in November, an increase of nearly 30% compared with the previous month, setting a record high in a single month. Its market share reached 40.9%, accounting for the first time to break through 40% of the global market, ranking first.
BYD’s installed vehicle volume in November was 8.9 GWh, with a monthly market share of 15.6%, down 0.6 percentage points month-on-month, but still ranked second in the world, second only to CATL.
In the first 11 months of last year, BYD installed a total of 60.6 GWh, surpassing LG New Energy, the leading lithium battery company in South Korea, for the first time in terms of total installed vehicles. Its market share rose to 13.6%, 1.3 percentage points ahead of LG New Energy, and jumped from third to second in the world.
Calculated on a quarterly basis, LG New Energy’s installed vehicle volume in the first two quarters of last year was higher than that of BYD. In the third quarter, BYD’s installed vehicle volume reached 19.6 GWh, surpassing LG New Energy by 0.7 GWh, and maintained its leading position in October and November in the fourth quarter.