The world’s top 10 Power Lithium battery manufacturing companies include China’s CATL, BYD Company, Panasonic, and Guoxuan, with a total of five large lithium battery companies. CATL had sales of 32.5 GWH last year and a market share of 27.87%, firmly ranking first in the world.
Tutorials and first steps The largest lithium-ion battery companies worldwide were located in the Asian continent. China, South Korea, and Japan led the ranking in 2023.
The Chinese company BYD ranked second with a market share of 15.8 percent, followed by South Korean LG Energy Solution with a market share of 13.6 percent. CATL (Contemporary Amperex Technology Co. Limited) was the largest battery manufacturer, having overtaken its main Chinese, South Korean, and Japanese competitors.
The top 100 lithium battery manufacturers operate primarily in China, Japan, and South Korea. These countries collectively account for nearly 90% of the market share in the global lithium battery production and power lithium battery field.
The size of South Korea's lithium-ion battery market is about 116.6 GWH, according to research published by SNEResearch. The top 10 companies in the market accounted for 86.87% of global sales, with combined sales of 101.3 GWH. Global sales of lithium-ion batteries were approximately this amount.
AVIC lithium battery (Luoyang) Co. is a joint investment of the industry Corporation of China Industrial Group and specializes in lithium-ion power batteries, Battery Management System R & D, and production of high-tech new energy companies.