Power battery market installed capacity dropped sharply

On August 3, the latest data released by South Korean market research agency SNE Research showed that, affected by the epidemic, the total installed capacity of global vehicle power batteries fell 23% year-on-year to 42.6 GWh in the first half of this year. Among them, LG Chem ranked first with a market share of 24.6%, while CATL ranked second and Panasonic ranked third. From a regional perspective, the Chinese market is declining, while the European market is rising. ■The three major battery manufacturers in South Korea have achieved substantial growth data. In the first half of this year, among the top ten battery manufacturers in the world, the installed capacity of LG Chem, Samsung SDI, SK Innovation and AVIC Lithium have all achieved year-on-year growth, while other manufacturers have The decline of different magnitudes. Specifically, LG Chem's installed capacity reached 10.5 GWh, a year-on-year increase of 82.8%, which jumped from the fourth place in the same period last year to the first place. CATL ranks second with 10 GWh installed capacity, with a market share of 23.5%. Then came Panasonic's 8.7 GWh, with a market share of 20.4%. From the perspective of installed capacity, the above three manufacturers leave other companies far behind. Of course, in addition to LG Chem, the other two Samsung SDI and SK Innovation among the three major battery manufacturers in South Korea also performed well. Among them, the installed capacity of Samsung SDI was 2.6 GWh, an increase of 34.9% year-on-year, and the market share was 6%. It jumped from the 5th place in the same period last year to the 4th place in the ranking. As for SK Innovation, it also moved from 9th to 6th with a market share of 3.9%, with installed capacity of 1.7 GWh, an increase of 66% year-on-year. SNE Research pointed out that the reason why LG Chem has achieved rapid growth is that its supporting Tesla Model 3 (made in China), Audi e-tron (95 kWh), Renault Zoe and other models have been selling well recently. Samsung SDI supplies electric vehicles such as Audi e-tron (71 kWh), BMW 330e, and Volkswagen e-Golf, while SK Innovation has benefited from its orders with Hyundai and Kia. In particular, the E-GMP electric modular platform specially built by Hyundai Motor Group selected SK Innovation as the first battery supplier and LG Chem as the second battery supplier. Hyundai's prototype vehicle based on the E-GMP platform is expected to be put into production in the first quarter of 2021. It is foreseeable that it will bring a large number of orders for SK Innovation and LG Chem at that time. ■Decline in the Chinese market The rise of the European market in response to the decline in the overall global battery installed capacity in the first half of the year, SNE Research pointed out, mainly because China and the United States, as key markets, were affected by the epidemic economy and the demand for new energy vehicles declined. As for Europe, it is another world. Statistics from the China Association of Automobile Manufacturers show that in the first half of this year, the domestic production and sales of new energy vehicles were 397,000 and 393,000, a year-on-year decrease of 36.5% and 37.4% respectively. For the Ningde era, which relies heavily on the domestic market, the downturn in the domestic new energy vehicle market will naturally impact its installed capacity. During the same period, although the European auto market fell sharply due to the epidemic lockdown, the sales of new energy vehicles still set a new record. According to statistics from the EV Sales website, in the first half of this year, the sales of new energy passenger vehicles in Europe reached 401,000, especially the monthly sales of nearly 93,000 in June, almost double the same period last year. Obviously, in major markets such as Germany and France, thanks to the government's recent support and incentive measures, the new energy vehicle market has been greatly boosted. Looking at the sales of models, Renault Zoe, Tesla Model 3, and Volkswagen e-Golf are the top ones. The best-selling of these models has naturally driven the growth of battery installed capacity of Korean manufacturers. Although the installed capacity of the CATL was overtaken in the first half of the year, the gap between the two sides is not big, and the contention for the annual installed capacity of the year is still in suspense. For LG Chem, the delivery of Volkswagen ID.3 and other models in Europe, as well as the best-selling domestic Tesla, are its important growth engines. LG Chem previously stated that battery orders in the third quarter are full and it is expected to increase by more than 25% compared to the second quarter. As for the Ningde era, as China's new energy vehicle market gradually walks out of its trough in the second half of the year, coupled with the beginning of delivery of batteries to Tesla Model 3, installed capacity is expected to be boosted. Disclaimer: The articles published on this site are all from the Internet and do not represent the views of this site. 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