Recently, SNEResearch released the global battery supplier ranking for the first half of 2020, with the top five being LG Chem, CATL, Panasonic, SDI, and BYD. The market share of the top three reached 67.5%, while the top five reached 79.5%.
LG Chem’s year-on-year growth was 82.8%, which can’t be achieved without the large-scale deployment of the Model 3 with LG Chem batteries.
CATL decreased by 28.1% year-on-year. It is unknown how much improvement can be brought by the use of CATL’s lithium iron phosphate battery in the domestic Model 3.
BYD decreased by 65.7% year-on-year. There is a strong correlation between this number and BYD’s own year-on-year decrease in sales of new energy vehicles. BYD’s previously proposed market-based approach to the battery industry is already underway, which may bring corresponding growth in the future.
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