SNE Research: CATL continues to dominate global battery market

The global market for electric vehicle batteries grew by 31.7 per cent last year, according to an analysis by SNE Research. The largest supplier, CATL, expanded even more strongly than the overall market and further consolidated its dominant position.

catl saic gm 6c lfp batterie 2024 — Image: SAIC-GM

Last year, the South Korean market research firm SNE Research recorded a total production volume of 1,187 GWh of battery cells for electric vehicles, marking the first time the 1,000 GWh threshold was surpassed. This represents a 31.7% increase compared to the 901.4 GWh produced in 2024.

By far the largest manufacturer of electric vehicle batteries remains the Chinese company CATL. The Ningde-based firm increased its production from 342.5 GWh to 464.7 GWh, achieving a growth rate of 35.7%, outpacing the overall market. According to SNE’s analysis, CATL grew its market share from 38.0% in 2024 to 39.2% in 2025. This growth was partly driven by a particularly strong December; for the period between January and November 2025, SNE Research recorded a market share of 38.2%.

CATL is thus the only battery provider with a market share exceeding 30%—and even 20%. In second place, BYD is listed by SNE Research with an annual production of 194.8 GWh. While this represents a 27.7% increase compared to the 152.6 GWh produced in 2024, BYD’s growth was slower than the overall market, causing its market share to dip slightly from 16.9% to 16.4% in 2025. Nevertheless, CATL and BYD, as the largest Chinese manufacturers, together account for 55% of the market; more than half.

Notably, in the evaluation from January to August 2025, SNE Research had still recorded BYD with an 18.0% market share, and over 50% growth. After just eight months, BYD had already reached 124.8 GWh. However, growth appears to have slowed significantly in the last four months of the year.

All other manufacturers now hold only single-digit market shares, marking a shift from 2024, when LG Energy Solution still accounted for 10.9% of EV battery production. Although the South Korean manufacturer increased its production by 11.3% to 108.8 GWh last year, it fell to a 9.2% market share due to the faster growth of competitors, though LGES still maintains a comfortable lead in third place.

Following CATL and BYD are CALB from China, with 62.6 GWh (5.3% market share), Gotion High-Tech (4.5%), and SK On from South Korea (3.7% of global production). Japan’s Panasonic holds the same market share as SK On. Rounding out the top ten are Eve Energy (2.6%), Samsung SDI (2.4%), and Svolt Energy (2.4%). There was a shift in the final rankings: up until the end of November, Svolt held a 2.6% market share, ahead of Samsung SDI, but the Korean company appears to have performed relatively strongly in December.

cnevpost.com