With increasing interest in electric vehicles (EVs) from consumers, the market for lithium-ion EV batteries is now one of the largest industries in the world. High demand has boosted battery manufacturers’ profits and brought heavy competition to the market. Any direction the market moves, certainly the forecast is bright for battery producers. Besides being a manufacturing powerhouse of vehicle parts, Asia is fast becoming a hotbed for innovation in the battery sector.
Here are the top 10 largest EV battery manufacturers in the world.
| Rank | Company | Market share |
| 1. | CATL | 34% |
| 2. | LG Energy Solution | 14% |
| 3. | BYD | 12% |
| 4. | Panasonic | 10% |
| 5. | SK On | 7% |
| 6. | Samsung SDI | 5% |
| 7. | CALB | 4% |
| 8. | Guoxuan | 3% |
| 9. | Sunwoda | 2% |
| 10. | SVOLT | 1% |
