Lithium Battery Market: LG Chem vs CATL (Sept 2020)

Marketshare of Lithium-ion Battery cell producers (LG Chem, CATL, Panasonic, SDI, BYD, SKI, AESC, PEVE, VABL, Guoxuan,…), data compiled Andy Lee

Although LG Chem had leapfrogged CATL in marketshare, however the Chinese still maintained the overall leading producer. The Koreans boosted sales in the first half (LG Chem +83%, SDI +35%, SKI +66%), helped by European demand, bucking a 23% downward trend in global sales. 

LG Chem growth driven by: Tesla Model 3 (China), Renault ZOE, Audi e-tron, and the Porsche Taycan. 
Samsung SDI by: Audi e-tron, Volkswagen Passat GTE, and e-Golf. 
SK Innovation by: Hyundai Porter 2 Electric, Soul Booster , and Kia Bongo 1T EV

All 3 Korean producers are strategically invested across all 3 continents, well positioning themselves for big collaboration with the OEMs and capturing on any market rebound.

Demand in the U.S. and China is expected to gradually recover, especially China post lockdown.