Good year for South Korean battery production
South Korean electric vehicle battery manufacturers more than doubled their market share between January and July 2020. In general, the market contracted by 16.8 per cent from 64.1 to 53.3 GWh capacity during the first seven months of the year due to corona.
CATL & BYD rise to join world’s Top 3 battery makers
Korea’s largest battery makers LG Chem and Samsung SDI are losing market shares to competitors from China, SNE Research finds. They pin the loss to increased domestic demand in China from electric buses and trucks. CATL appears to have benefitted the most.