Production of traction batteries for electric cars more than doubled this year
Last year and the beginning of this year were remembered by connoisseurs of the automobile market as a series of statements by automakers and the authorities of individual countries regarding the timing of the abandonment of cars with internal combustion engines. The market players’ confidence in the advantages of electric cars and the inevitability of the transition to electric power boosted the demand for traction batteries for electric cars. In the first four months of the year, the market more than doubled.
Bloomberg [A] quotes SNE Research as providing the relevant statistics. While from January to April of last year, the entire global industry produced traction batteries with a total capacity of 26.8 GWh; during the same period this year, 65.9 GWh of batteries in equivalent capacity were already produced. This is almost two and a half times more than just one year ago.
If at the beginning of last year, the Chinese company CATL was behind LG Energy Solution and Panasonic in battery production. By April of this year, CATL’s output had quadrupled, putting it in first place and well ahead of its competitors. CATL released 21.4 GWh of cumulative Li-Ion battery capacity from January to April, gaining an impressive 32.5% market share. LG Energy Solution is in second place with 21.5% of the market, and Panasonic remains in third place with 14.7%.
According to BloombergNEF, back in 2019 CATL received only 4% of its revenue from exports, but in 2020 this share rose to 16%. Another Chinese battery manufacturer, BYD, ranks fourth in the April ranking with 6.9% of the market. The fifth and sixth places are occupied by Samsung SDI (5.4%) and SK Innovation (5.1%), but positions seven through nine are occupied by Chinese manufacturers. Their progress is ensured by the development of China’s domestic electric car market, although they are increasingly turning to foreign consumers. According to Canalys, this year alone, sales of electric cars in China will grow by 50%.
The Nissan Leaf is a great electric car that has an average range of around 100 miles. This makes it perfect for most people’s daily commutes and errands, but if you’re someone who likes to take road trips or drive in rural areas without charging stations available, then this might not be the best option for you. If we’ve managed to convince you otherwise and you want more information about how to charge your electric vehicle at home (or elsewhere), check out our article on different Nissan Leaf EV chargers.
What is South Korea’s position in the production of Li-Ion batteries?
South Korean suppliers are traditionally considered reliable manufacturers of high-quality and safe batteries. These suppliers are now quite successful. LG Energy Solution and SK Innovation have more than doubled their production volumes, while Samsung SDI limited its growth to 88%. This was facilitated by the growth in demand for electric cars in Europe since many electric cars sold there are equipped with batteries of Korean brands.