Global power battery ranking Chinese enterprises occupy absolute advantage

Among the top ten global power battery companies in 2022, Korean battery manufacturers occupy three positions, with a combined sales and shipment market share of 22.9% and 26.5%, respectively.

In 2022, the global sales volume of power batteries was 690 GWh, and the market size of battery packs reached $125.5 billion. Among them, the top ten global power battery companies account for 71% and 93% of global sales and shipments, respectively.

In terms of sales, China's CATL market share is 27.5%, ranking first. South Korea's LG New Energy ranks second with 12.3%, while Samsung SDI (6%) and SK On (4.6%) are ranked fourth and fifth, respectively.

In terms of shipment volume, CATL also ranks first with a market share of 39.1%. LG New Energy ranked second with 14.9%, SK On (6.4%) and Samsung SDI (5.2%) ranked fifth and sixth respectively, reversing their rankings.

According to data, among the top ten global power battery companies, except for three Korean companies and Panasonic, Chinese companies occupy six positions. The market share gap between the top ten enterprises has further widened.

Based on the shipment volume, the total market share of the top three enterprises exceeds 66%, further enhancing their market influence. On the contrary, the market share ranking fourth to sixth is only 5-7%.

Key Enterprises in China's Power Battery Industry

①CATL

CATL New Energy Technology Co., Ltd. was established in 2011 with its headquarters located in Fujian, China. The core technology of Ningde is in the field of power and energy storage batteries, with full industry chain research and development and manufacturing capabilities in materials, battery cells, battery systems, and battery recycling and secondary utilization.

The main business of CATL is focused on the research and development, production, and sales of new energy vehicle power battery systems and energy storage systems, committed to providing first-class solutions for global new energy applications.

According to CATL's 2022 financial report, the operating revenue in 2022 was approximately 328.594 billion yuan, an increase of 152.07% year-on-year; The net profit attributable to shareholders of the listed company is approximately 30.729 billion yuan, an increase of 92.89% year-on-year

②BYD

BYD Co., Ltd. was established in February 1995. After more than 20 years of rapid development, it has established more than 30 industrial parks worldwide, achieving a strategic layout on six continents worldwide.

BYD's business layout covers the fields of electronics, automobiles, new energy, and rail transit, and plays a crucial role in these fields. From energy acquisition, storage, to application, it comprehensively constructs a zero emission new energy overall solution.

According to BYD's 2022 financial report, the annual operating revenue for 2022 was 424.061 billion yuan, a year-on-year increase of 96.2%. Among them, the net profit attributable to shareholders of the listed company was 16.622 billion, a year-on-year increase of 445.86%.

③CALB

CALB Technology Group Co., Ltd. is a leading global new energy technology enterprise mainly engaged in the design, research and development, production, and sales of power batteries and energy storage system products.

We have established a comprehensive energy operation system to provide comprehensive product solutions and full lifecycle management for the new energy full scenario application market represented by power and energy storage.

According to the 2022 financial report released by CALB, the group's revenue in 2022 was 20.375 billion yuan, a year-on-year increase of 198.9%; The net profit was approximately RMB 694 million, a year-on-year increase of 521.8%.

The technology in the field of power batteries is "blooming with a hundred flowers"

Last year, the technological innovation achievements in the field of power batteries in China were highlighted. Among them, in terms of square batteries, CATL, BYD, CALB, SVOLT, Xinwangda, Ruipu Lanjun, and others have respectively launched "Qilin Battery", "CTB Blade Battery", "OS High Manganese Iron Lithium Battery", "Dragon Scale Armor Battery", "SFC480 Super Fast Charging Battery", and "Wending Battery".

In terms of circular batteries, EVE has released the "π" battery system; In terms of soft pack batteries, Funeng Technology and Jiewei Power have developed "SPS solution" and "sponge system" respectively.

The third generation of CATL CTP (Cell to pack) batteries (Kirin batteries) have a volume utilization rate of 72%, an energy density of 255Wh/kg, and can achieve a full vehicle range of 1000 kilometers, with support for 10 minute fast charging;

The CALB new OS high manganese iron lithium battery has an energy density of 180Wh/kg, supporting a full vehicle range of 700 kilometers; The Xinwangda SFC480 super fast charging power battery has a maximum range of 700km, and can achieve a 5-minute charging range of 200km and a 10-minute charging range of 400km.

Can self built battery factories reduce costs

Last year, there were 85 new lifepo4 battery industry related factories in China, among which 81 publicly invested factories had a total investment of nearly 600 billion yuan.

According to the industry chain, the total investment of 28 battery companies, 16 anode and raw material companies, and 17 cathode material companies is approximately 278 billion yuan, 112.7 billion yuan, and 96.8 billion yuan, respectively.

According to McKinsey, a globally renowned consulting firm, the prerequisite for a new energy vehicle company to reduce costs by producing batteries is to sell more than 500000 new energy vehicles, which means that producing at least 500000 new energy vehicles in a region is the only way to have a cost advantage for self-produced battery cells.

Sales of over 500000 vehicles will lower their own costs, while car companies with less than 500000 vehicles will not only fail to reduce costs, but will also increase costs.

At present, there are many car companies investing in self manufactured batteries, but only Tesla and BYD are the new energy car companies that can achieve annual sales of over 500000 vehicles. Other new car manufacturers, such as NIO, Xiaopeng, and Ideal, are far from selling 500000 vehicles, and the sales of rising stars Weima and Nezha are also far behind 500000 vehicles.

So some car companies entering the battery market are simply forced into helplessness, while competitors have already entered the power battery market, and whether they are willing or not, they cannot fall behind. Many car companies are simply "driven to the market".

However, from a global perspective, although countries and regions such as Europe, America, Japan, and South Korea have accelerated the cultivation of local industrial chains, the advantages of China's power battery products are still relatively obvious.

The Chinese power battery industry has a complete industrial chain, and compared to international manufacturers, Chinese power battery companies have better cost control capabilities.