The EV battery market is lastly exhibiting important progress. Based on SNE Analysis, the worldwide EV battery cargo in August amounted to 10.8 GWh, which is 41.3% greater than a yr in the past.

The most important suppliers by quantity for the month have been CATL, LG Chem and Panasonic and mainly, most of them elevated its outcomes.

International EV Battery Cargo August 2020:

  1. CATL – 2.8 GWh
  2. LG Chem – 2.4 GWh
  3. Panasonic – 2.1 GWh
  4. Samsung SDI – 0.6 GWh
  5. BYD – 0.6 GWh
  6. SK Innovation – 0.5 GWh
  7. CALB – 0.3 GWh
  8. Envision AESC – 0.2 GWh
  9. Guoxuan – 0.2 GWh
  10. PEVE – 0.2 GWh
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After the primary eight fairly difficult months of 2020, the EV battery market is estimated at 64.7 GWh (down 9.9% from 71.8 GWh).

The highest EV battery maker appears to nonetheless be LG Chem, which doubled its quantity to fifteen.9 GWh. It is attention-grabbing {that a} yr in the past, LG Chem was simply 4th.

The second-best CATL (15.5 GWh YTD) is enhancing its outcomes, which signifies that the primary place remains to be in vary, however general the outcomes are noticeably beneath 2019.

Panasonic is third (12.4 GWh), additionally beneath 2019’s stage, and possibly with out as many new initiatives within the pipeline as LG Chem and CATL.

International EV Battery Cargo YTD 2020:

  1. LG Chem – 15.9 GWh (dobuled year-over-year)
    Advantages from vehicles like: Tesla Mannequin 3, Renault Zoe, and Porsche Taycan EV
  2. CATL – 15.5 GWh (down)
  3. Panasonic – 12.4 GWh (down)
  4. Samsung SDI – 4.1 GWh (up 57.5%)
    Advantages from vehicles like: Audi E-tron EV, Ford Kuga PHEV and BMW 330e
  5. BYD – 3.7 GWh (down by greater than half)
  6. SK Innovation – 2.7 GWh (greater than doubled year-on-year)
    Advantages from vehicles like: Kia Niro EV, Hyundai Porter 2 Electrical and Soul Booster
  7. Envision AESC – 2.2 GWh (down)
  8. PEVE – 1.2 GWh (down)
  9. Guoxuan – 1.2 GWh (down)
  10. CALB – 1.2 GWh (up)

Complete: 64.7 GWh (down 9.9% from 71.8 GWh)

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The highest six producers management 84.1% of the market (up from 80.0% a yr in the past). The South Korean firms (LG Chem, Samsung SDI and SK Innovation) holds 35.1% (in comparison with 16.2% a yr in the past).

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