With a market share of 24.82%, CATL ranked first in the world in terms of battery installed capacity in 2020 for the fourth consecutive year

According to the latest data from South Korean market research firm SNE Research, the global installed capacity of power batteries in electric vehicles reached 137GWh in 2020, a year-on-year increase of 17%. Among them, CATL has become the world's largest power battery company with an installed capacity of 34GWh, with a market share of 24.82%.

It is worth mentioning that this is the fourth time that CATL has defended the global championship since 2017.

From March to August 2020, LG Energy Solution surpassed CATL, but ultimately ranked second in the world with an installed capacity of 31GWh for the whole year, with a market share of 22.63%. It is reported that LG Energy Solution is the battery business unit of the former LG Chem, which was spun off in December 2020.

Panasonic ranks third in the world with an installed capacity of 25GWh and a market share of 18.25%; ranking fourth to ninth are BYD (installed capacity 10GWh), Samsung SDI (installed capacity 8GWh), South Korea's SKI (installed capacity 7GWh), AESC (installed capacity 4GWh), Guoxuan High-tech (installed capacity 3GWh), AVIC Lithium Battery (installed capacity 3GWh); other companies (installed capacity 13GWh).

It is worth mentioning that among the top 9 companies in the world in terms of installed capacity of power batteries in electric vehicles in 2020, 5 are Chinese companies: CATL, BYD, AESC (Envision Energy), Guoxuan High-tech, and AVIC Lithium Battery.

Compared with 2019, the installed capacity of Korean battery companies has increased significantly. For example, South Korea SLI and Samsung SDI increased by 284% and 81% year-on-year respectively, while CATL increased by 2% year-on-year and Panasonic decreased by 10.7%.

SNE analysis believes that based on the data in 2020, the gap between LG Energy Solution and CATL is very small, and they are strong competitors for the top spot in global power batteries. Panasonic's market share fell by 5.75 percentage points from 24% in 2019 due to delayed production expansion.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.