As the most important part of the industrial chain, the global power battery competition pattern is quietly changing, from the earliest "three-country melee" (China, South Korea, Japan enterprises are equally divided) to "China and South Korea hegemony".
In 2023, Chinese companies will widen the gap with South Korean companies, with the former having a market share of more than 63%.
The market share of Chinese enterprises exceeds 60%.
Recently, SNE Research released the total loading data of global power batteries in 2023.
In 2023, the global power battery ** vehicle volume will be about 7055GWh, a year-on-year increase of 386%, industrial chain-related companies have also ushered in high growth, and the competition pattern of enterprises in various countries has undergone subtle changes, from the previous "Sino-Korean hegemony" to the gradual shift to Chinese enterprises leading the world.
In 2023, six of the top 10 power battery manufacturers in terms of market share are Chinese companies, namely CATL, BYD, China Innovation Airlines, Guoxuan Hi-Tech, EVE and Sunwoda.
CATL is still the world's largest power battery manufacturer, with a cumulative global installed capacity of 2597GWh, a year-on-year increase of more than 40%, and the market share further increased to 36 compared with the previous year8%。Thanks to the internal digestion of car orders, BYD won by 15With a market share of 8%, it has replaced LG Energy Solution as the world's second largest manufacturer.
It is worth noting that the combined market share of CATL and BYD reached 526%, EVE replaced Funeng Technology to enter the top 10 in the world; The combined global market share of the six Chinese companies in 2023 will reach 635%, an increase of nearly 4 percentage points from the previous year.
In this competition for energy transformation, the expansion of the market share of Chinese manufacturers has further widened the gap with other countries, while the market share of Japanese and South Korean companies has decreased to a certain extent.
Three of the top 10 power battery manufacturers are from South Korea, namely LG New Energy, SK ON and Samsung, and the combined market share of the three Korean companies in 2023 is 231%, a decrease of 1 from the previous year6 percentage points. The Japanese company is the only Panasonic "standout", with a cumulative annual loading volume of 449GWh, the market share fell from 7% to 64%。
Power batteries are highly bound to the development of new energy vehicles, and at present, six out of every ten power batteries in the world are "Made in China", on the one hand, benefiting from the surge of new energy vehicles in the Chinese market. According to data released by EVTANK, a research institution, global new energy vehicle sales will reach 1,465 in 202330,000 units, of which China's new energy vehicle sales reached 94950,000 units, accounting for 64% of the total global sales8%, Chinese power battery manufacturers have the world's largest domestic demand market for electric vehicles.
In addition, the export performance of power batteries has also become a gratifying new bright spot.
In 2023, China surpassed Japan for the first time to become the world's largest car exporter. According to the data released by the two countries' associations, China will export 4.91 million cars in 2023, and Japan will export more than 4.42 million cars, while Japan has been the world's largest car exporter until then.
In recent years, Thailand as an example of the country for the development of new energy to launch a series of support policies, Chinese automakers to speed up the export of new energy products, the pace of overseas factory construction, supporting battery industry also ushered in new export opportunities. According to data from the China Automotive Power Battery Industry Innovation Alliance (hereinafter referred to as the "Battery Alliance"), China's power battery exports will be 127 in 20234GWh, an increase of 87 year-on-year1%。
Ningwang is "anxious", and the small factory is under pressure.
Judging from the list released by SNE, the market share of Funeng Technology has fallen out of the top ten in the world, which means that the power battery market is still reshuffling and competing. As the world's largest new energy market, China's power battery production and sales and competition pattern have attracted much attention.
According to the data of the Battery Alliance, the cumulative loading volume of power batteries in China in 2023 will be 3877GWh, up 316%。At present, the competition structure of the domestic power battery market is "1+1+N", that is, BYD and CATL are "two strong competitors", and the rest of the companies share the remaining market share.
It is worth noting that although CATL is 167The loading volume of 1GWh is firmly in the first place, but its market share in the domestic market has decreased to 4311%, down more than 5 percentage points from the previous year.
Most power battery manufacturers rely on orders from OEMs, while BYD, which started with batteries, can carry its own models to achieve "self-production and self-sales". With the sales of BYD cars reaching a new high in 2023, its power battery market performance is also quite bright, with the installed volume increasing from 69 in 20221GWh rises to 10548GWh, a year-on-year increase of more than 52%; The market share increased to 2721%, year-on-year **37 percentage points.
Judging from the market share of the top ten power battery manufacturers in the Chinese market, six ** and four declined.
The market share of BYD, China Innovation Airlines, EVE Lithium Energy, Honeycomb Energy, LG New Energy and Zhengli New Energy increased compared to the previous year. Among them, EVE's growth rate is the brightest, with an installed volume of 17 in 202326GWh, a year-on-year increase of 140%, surpassing Gotion Hi-Tech to become the fourth largest power battery company in China. In contrast, the market share of CATL, Guoxuan Hi-Tech, Sunwoda and Funeng Technology declined.
While the top ten are quietly "shuffling", the market concentration of the power battery industry will be further increased in 2023, and the living space of small factories will be under pressure again.
From a global perspective, the loading market share of the top ten power battery manufacturers in 2023 is 93%, an increase of 17 percentage points. In terms of the domestic market, in 2023, a total of 52 power battery companies in China's new energy vehicle market will achieve loading support, a decrease of 5 from the same period last year, and the sum of the power battery loading market share of the top 3, top 5, and top 10 power battery companies will be respectively. 4% and 968%, an increase from the previous year, which means that the stronger the stronger, and after they carved up less than 4% of the market space, 42 "players" are crowded.
In addition, in the face of the current situation that the power battery industry is facing overcapacity and OEMs are reducing costs, many manufacturers are holding up the cost performance, and CATL has also "put down its body" to rebate some customers. For small power battery manufacturers, their already small market survival space may be further compressed in 2024.