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Who powers the world’s EVs? China has 6 of the top 10 EV battery makers with 60 per cent market share, led by CATL and Warren Buffett-backed BYD

  • Besides CATL and BYD, CALB, Gotion High-tech, Sunwoda, and Eve Energy feature among the world’s top 10 EV battery makers, according to SNE Research
  • CATL installed 165.7 gigawatt hours of battery cells in the first 11 months of last year, giving it a global market share of 37.1 per cent

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BYD’s blade battery on display at the Auto Shanghai trade show on April 25, 2021. Photo: VCG
Daniel Renin Shanghai

Chinese electric vehicle (EV) battery makers dominated the global market in 2022, with six companies featuring among the world’s top 10 players and accounting for a 60.5 per cent share amid a doubling of EV sales on the mainland.

Contemporary Amperex Technology (CATL), based in east China’s Fujian province, retained its position as the world’s largest EV battery producer, according to Seoul-based SNE Research.

CATL installed 165.7 gigawatt hours (GWh) of battery cells from January to November in 2022, 101.8 per cent more than the same period a year earlier, according to the research and consulting services provider. The company’s global market share rose from 32.8 per cent at the end of 2021 to 37.1 per cent.

Shenzhen-based EV and battery maker BYD ranked second. Its installation volume jumped 168.3 per cent to 60.6GWh, taking a 13.6 per cent share of the global market, compared with 8.8 per cent in 2021. Berkshire Hathaway owned 14.9 per cent of BYD’s Hong Kong-listed stock as of December 8, according to stock market filings.

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Chinese smart-battery swap stations can change EV batteries automatically

Chinese smart-battery swap stations can change EV batteries automatically
“Chinese EV battery companies are now the global leaders in terms of both technology and sales volume,” said Davis Zhang, a senior executive at Suzhou Hazardtex, a supplier of specialised vehicle batteries. “But they need to expand abroad to ease overcapacity woes.”

Another four Chinese companies – CALB, Gotion High-tech, Sunwoda, and Eve Energy – were among the world’s top 10 EV battery makers.

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