China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel. Chinese companies supply 80% of the world’s battery cells and control nearly 60% of the EV battery market. 13. Amperex Technology Limited (ATL) 12. Envision AESC 11. Gotion High-tech 10.
These have been available since January 2022 and they have a battery efficiency of 245 Wh per mile. 2. Fiate 500 Electric Next, we have Fiat, an Italian car manufacturer and its 500 electric model shares the second spot for the most efficient EV batteries.
China has 6 of the top 10 EV battery makers with 60 per cent market share, led by CATL and Warren Buffett-backed BYD 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.
In 2022, about 60% of lithium, 30% of cobalt and 10% of nickel demand was for EV batteries. Just five years earlier, in 2017, these shares were around 15%, 10% and 2%, respectively.
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.
“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.”
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