The UK market, with 6.9 GWh of EV battery capacity produced, grew 14% compared to Q2 2023 and 50% compared to Q3 2022. The UK had 4% of the global EV battery market, up from 3% in Q3 2022. France was then the 5th largest EV battery producer in the world, with 4.6 GWh of battery capacity produced.
Asia dominates this ranking of the world's largest EV battery manufacturers in 2023. See which battery makers feature in the top 10.
That gave the United States 15% of the global EV battery capacity market, one percentage point up from last year’s 14%. Germany was in a similar boat as the US in terms of growth, but less than half in terms of total capacity produced. Europe’s largest economy produced 11.5 GWh of EV batteries in Q3 2023, which was 6% of the market.
According to SME Research, CATL is the world’s largest EV battery manufacturer, with 37.7% of the market share. Plus, it is the only battery supplier with a market share of over 30%. CATL has 6 R&D facilities, five in China and one in Germany. In 2023, they spent about $2.59 billion in R&D, an 18.35% increase from the previous year.
We present the largest and most influential battery manufacturers, exploring their market positions and strategies that have enabled them to dominate the industry. Did you know? China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel.
European countries collectively make up for 68 GWh or around 10% of global battery manufacturing. Moreover, Hungary and Poland also make the top five, hosting plants owned by large battery manufacturers like SK Innovation and LG Chem.
EV lithium-ion battery production capacity shares worldwide 2021-2025, by country
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