Who are China's leading EV battery manufacturers?

CATL accounts for 37 percent of the global EV battery market followed by FDB with 16 percent, giving China’s top two competitors alone over half the global market. (See figure 6.) The twain are followed by LG Energy and Panasonic, with 14 percent and 6 percent of the market, respectively.

Does China Export EV batteries?

From 2020 to 2023, China’s global EV exports increased by 851 percent, with the largest share of those exports (nearly 40 percent) going to Europe. Collectively, Chinese EV and EV battery enterprises have at least equaled—and in some cases surpassed—their Western peers in innovation capacity and product quality.

Which EV battery companies dominate the global market?

Likewise, Chinese enterprises dominate in the global share of EV battery manufacturing. CATL accounts for 37 percent of the global EV battery market followed by FDB with 16 percent, giving China’s top two competitors alone over half the global market. (See figure 6.)

What will China's battery industry be like until 2030?

Xu Yanhua, secretary of the China Automotive Battery Innovation Alliance, said that until 2030, the country's power battery industry will still be dominated by high-energy-density liquid batteries and lithium iron phosphate batteries.

How many EV batteries will China build in 2023?

The under-construction Chuneng New Energy lithium battery industrial park in Yichang, central China, April 2023. Once complete, this complex will be able to build 150 gigawatt-hours of batteries per year, or roughly three million EV batteries.

Are all-solid-state batteries coming to China?

Since the second quarter of this year, the development of all-solid-state batteries has accelerated in China. A batch of automakers and battery firms have announced solid progress has been made in that direction.