Global Organization

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.)

Who are the leading battery manufacturers in the UK?

Denchi Group The UK, a leader in technological innovation, is home to several leading battery manufacturers. These companies have made significant strides in energy storage solutions, providing batteries for a range of applications, including electric vehicles (EVs), grid storage, and more.

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.

Who makes EV batteries?

In 2023, BYD became the world’s largest manufacturer of EVs. It is also a significant manufacturer of EV batteries. Overall, BYD’s product range covers the entire industrial chain of NEVs, including passenger vehicles, commercial vehicles, batteries, and automotive electronics.

Are China's eV and EV battery companies a mercantilist?

China’s EV and EV battery companies have also benefitted from other “innovation mercantilist” policies including local content requirements, forced technology transfer, and state-blessed IP theft.

Is BYD the world's largest producer of rechargeable batteries?

Overall, BYD is the world’s largest producer of rechargeable batteries, including NiMH batteries, lithium-ion batteries, and NCM batteries. In 2023, BYD manufactured 117 gigawatt hours (GWh) worth of EV battery production, compared with CATL’s 243.3.

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