From January to October 2023, the global installed capacity of power batteries reached 552.2GWh, a year-on-year increase of 44%.

Recently, overseas institutions announced the global installation volume of power batteries from January to October this year.

It is understood that from January to October this year, the global installed capacity of power batteries reached 552.2GWh, a year-on-year increase of 44%.

It is reported that the top ten companies in terms of installation volume are: CATL, BYD, LG Energy, Panasonic, SK On, Sinovation, Samsung SDI, Guoxuan High-tech, EVE Energy, and Xinwangda.

It is worth mentioning that among them, Chinese brands performed very well, especially CATL, which occupied one-third of the global market with a share of 36.9%.

In detail, from January to October this year, CATL's total installed capacity was 203.8GWh, a year-on-year increase of 51.1%, and its market share reached 36.9%.

Ranked second is BYD. From January to October this year, the global installed capacity of power batteries was 87.5GWh, a year-on-year increase of 66.5%, and the market share reached 13.8%.

The agency said that currently, the global penetration rate of power batteries has exceeded 15%. With the increasing popularity of electric vehicles, the installed capacity of power batteries will also increase.

Zikuai Technology