China-based CATL was the leading lithium-ion battery maker as of the end of 2023, with a market share of almost 37 percent. The Chinese company BYD ranked second with a market share of 15.8 percent, followed by South Korean LG Energy Solution with a market share of 13.6 percent.
New entrants from China increase competition
CATL (Contemporary Amperex Technology Co. Limited) was the largest lithium-ion battery manufacturer in 2023, overtaking its main Chinese, South Korean, and Japanese competitors. CATL has 13 battery production bases in China, Germany, and Hungary.
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CnEVPost. (February 7, 2024). Global market distribution of lithium-ion battery makers in 2023 [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/235323/lithium-batteries-top-manufacturers/
CnEVPost. "Global market distribution of lithium-ion battery makers in 2023." Chart. February 7, 2024. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/235323/lithium-batteries-top-manufacturers/
CnEVPost. (2024). Global market distribution of lithium-ion battery makers in 2023. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/235323/lithium-batteries-top-manufacturers/
CnEVPost. "Global Market Distribution of Lithium-ion Battery Makers in 2023." Statista, Statista Inc., 7 Feb 2024, https://www.statista.com/statistics/235323/lithium-batteries-top-manufacturers/
CnEVPost, Global market distribution of lithium-ion battery makers in 2023 Statista, https://www.statista.com/statistics/235323/lithium-batteries-top-manufacturers/ (last visited July 03, 2024)
Global market distribution of lithium-ion battery makers in 2023 [Graph], CnEVPost, February 7, 2024. [Online]. Available: https://www.statista.com/statistics/235323/lithium-batteries-top-manufacturers/