In the first 11 months of 2022, the global power battery loading Ningde era will be the first, and BYD will rank second

Original title: In the first November of last year, the global power battery loading Ningde era ranked first, and BYD jumped to the second

On January 4, 2023, the global information organization SNE research announced the global electric vehicle battery loading ranking data from January to November 2022. Chinese companies Ningde Times and BYD ranked the top two. The combined market share of the two is 50.7%.

In other words, in the first 11 months of last year, two Chinese companies accounted for more than half of the global power battery market.

SNE research pointed out that starting from the third quarter of 2020, the global power battery market has maintained continuous growth. From January to November 2022, the total installed capacity of electric vehicle batteries in the world will be 446.0 GWh, a year-on-year increase of 74.7%.

Specifically, the total installed battery capacity of Ningde era in the first 11 months of last year was 165.7GWh, more than double that of 82.1GWh in the same period in 2021, with a year-on-year growth rate of 101.8%. The global market share is 37.1%, an increase of 4.9 percentage points year-on-year, about three times that of the second-ranked BYD, which has a market share of 13.6%, and maintains an absolute advantage in the global power battery market.

Thanks to the rapid growth in sales of BYD’s new energy vehicles, BYD’s total installed battery capacity in the first 11 months of last year was 60.6GWh, a year-on-year growth rate of 168.3%, once again surpassing South Korean company LG New Energy and ranking second in the world. Its market share was 13.6%, an increase of 4.8 percentage points year-on-year, leading LG New Energy by 1.3 percentage points.

LG New Energy ranked third, with a total installed battery capacity of 54.8GWh, a year-on-year growth rate of only 9.7%, and a market share that dropped sharply from 19.6% in 2021 to 12.3%.

Japan’s Panasonic ranks fourth, with a total installed battery capacity of 34.1GWh, a year-on-year growth rate of only 4.7%, ranking last among the top ten companies. Panasonic and LG New Energy are also the only two of the top ten companies with single-digit year-on-year growth rates. The other two Korean companies, SK-On and Samsung SDI, ranked fifth and sixth respectively, with battery loadings increasing by 72.0% and 74.9% to 26.1GWh and 22.1GWh respectively.

Although the global market share of the three Korean companies has maintained a steady increase, compared with the same period last year, the market share has dropped from 30.5% to 23.1%, a drop of 7.4 percentage points.

The seventh to tenth places are the Chinese companies Zhongxinhang, Guoxuan Hi-Tech, Sunwoda and Yiwei Lithium Energy, with battery loadings of 17.8GWh, 12.7GWh, 7.5GWh, and 5.9GWh respectively. Among them, Xinwoda’s loading volume increased the most year-on-year, reaching 287.3%.

In the first 11 months of last year, the year-on-year growth rate of battery loading of all Chinese companies on the list exceeded triple digits.

As far as November is concerned, in November 2022, the global installed capacity of electric vehicles will be 57.2GWh, an increase of 65.7% compared with the same period in 2021. China, the United States, Europe and other major markets have maintained growth, especially the Chinese market, which has increased by nearly 1.9 times year-on-year.

Among them, the monthly battery loading capacity of the Ningde era was 23.4 GWh, about twice that of 12.7 GWh in the same period in 2021, and the monthly market share reached 40.9%, an increase of 4 percentage points year-on-year. In November alone, BYD’s battery loading showed a strong growth momentum, with a year-on-year increase of 147.6% to 8.9GWh, which was the fastest growing company among the top ten list in a single month.

Among Korean companies, SK-On has expanded its growth momentum through the successful sales of Hyundai Ionic 5 and 6 and Kia EV6, according to SNE research. Samsung SDI’s growth was driven by stable sales of Audi E-Tron, BMW i4, FIAT500, etc. In the growth of LG New Energy, the sales of Volkswagen ID.4 and Ford Mustang Mach-E played a driving role. Tesla’s Model 3 and Model Y are the models with the highest proportion of battery loading in CATL, LG New Energy, and Panasonic, and their sales have driven the growth of battery sales of these three companies.

SNE research specifically pointed out that China’s domestic new energy vehicle market continues to show a high growth trend, and under the influence of unfavorable factors such as economic depression and supply and demand difficulties, Volkswagen, Volvo and other models in the European market and Chinese-made Tesla models are equipped with Chinese companies. The specific gravity of the battery has also been increased.

“China’s domestic electric vehicle industry, which accounts for more than 60% of the global electric vehicle (BEV+PHEV) share, has been advancing steadily along the track and has begun to enter the global market.” SNE research commented.

In addition, the United States and Europe are developing restrictive regulations aimed at protecting their own new energy vehicle industries, while China has confidently decided to completely eliminate electric vehicle subsidies from 2023. Subsidy policies have previously been a major factor in the buoyancy of China’s EV market. For OEMs, the complete abolition of this policy will be a good opportunity to decide the outcome only by vehicle competitiveness. Therefore, it will become more important for battery manufacturers to ensure that battery technology continues to improve and to strengthen partnerships with vehicle manufacturers.