• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • BlueBotics
    • SICK Sensor Intelligence
    • Vicor Power

South Korea’s top battery makers enjoy steady growth

August 27, 2021 by David Edwards Leave a Comment

South Korea’s Electric Vehicle Battery Trio – LG, Samsung, and SK – enjoyed steady growth in the January to March period, according to a report by SNE Reseach.

Amid intense competition in global EV battery deployment, LG Energy Solution ranked 2nd, while Samsung SDI and SK Innovation captured the 5th and 6th spots respectively.

Global competition for the world’s top spot for the xEV (EV, PHEV, HEV) battery market is getting fiercer, with CATL continued to top for both Mar 2021 and Jan-Mar 2021. LG Energy Solution came in 2nd, while Samsung SDI and SK Innovation ranked 5th and 6th respectively.

The Korea’s EV battery trio set to record another strong quarter Q1. With major Chinese EV battery makers seek to expand the scale of the battery manufacturing business, South Korea’s battery majors – LG Energy Solution, Samsung SDI and SK Innovation – continue to show solid growth.

In Jan-Mar 2021, a total of 47.8 GWh of battery capacity was deployed globally into newly sold EVs, an increase of 127 percent year-over-year. The global EV market started to recover in the second half of 2020, and the recovery continues to gain traction in 2021.

The Chinese EV battery makers are poised to lead the market – CATL topped the market, with BYD came in 4th and CALB captured the 7th spot. The Chinese companies are taking an increasing market share by expanding their business outside their home ground.

A significant triple-digit growth is seen among the major Chinese EV battery makers.

Even though Panasonic, which ranked 3rd, is likely to remain robust based on its partnership with Tesla, Japanese battery makers overall suffered from a decrease in market share. The average sales growth of most Japanese battery makers has been below the market average.

The Korea’s EV battery trio has witnessed a drop in the combined market share, signifying a growth rate below the market average.

LG Energy Solution retained the 2nd place in the same period last year, with a supply of 9.8 GWh, indicating a growth of 89.3 percent.

Samsung SDI slipped one spot to the 5th place, with a supply of 2.5 GWh, indicating a growth of 57.2 percent.

SK Innovation remained in the 6th place, indicating a growth of 108.6 percent.

The consistent growth of the three Korean battery makers was boosted by brisk sales of EV models equipped with the batteries they manufactured.

LG Energy Solution was accelerated by strong sales of Tesla Model Y (made in China), Volkswagen ID.3, and Ford Mustang Mach-E.

Samsung SDI’s growth was driven by the increased sales of Audi E-tron EV and Fiat 500. SK Innovation was boosted by favorable sales of Kia Niro EV and Hyundai Kona EV (Europe).

In Mar 2021, the global EV battery market recorded a 2.5 times growth year-over-year, with 22.1 GWh of battery capacity deployed globally in newly sold EVs. The onslaught of Covid-19 saw automakers suffer a difficult first half of 2020.

Market demand, which had shrunk due to Covid-19, continued to recover for the ninth month in all regions, including China, US, and Europe. Major EV battery makers in China had enjoyed a significant triple-digit growth, leading the overall market growth.

With EV battery technology undergoing swift changes and a rising competition under way, the Korean battery makers seem to be backing out due to Chinese players.

With CATL at the head, Chinese battery makers are eating up the global market at an alarming rate and will likely trigger fiercer competition in the EV battery market in the near future.

Accordingly, attention is on how South Korea’s battery majors – LG Energy Solution, Samsung SDI and SK Innovation – are to develop competitive edge to pioneer in the market.

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Features, Industry Tagged With: battery, chinese, energy, ev, growth, innovation, korea, lg, makers, market, samsung, sdi, sk, solution

Join the Robotics & Automation News community

Reader Interactions

You must log in to post a comment.

Primary Sidebar

Latest articles

  • Is Robot-Assisted Laser Hair Surgery the Future?
  • AMD launches robotics starter kit to ‘kick-start the intelligent factory of the future’
  • Merits and demerits of investing in the crypto world
  • The real-world use cases for blockchain technology
  • Tips for picking a reliable crypto platform
  • Reliable tips for picking the right crypto wallet
  • How Additive Manufacturing Works and Provides Benefits
  • How is technology and innovation changing the field of photography?
  • How robots and RPA will change the business of the future
  • The Pros and Cons of Selling vs Trading in Your Vehicle

Most Read

  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Track your lost Android
    Track your lost Android
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • Top 25 vertical farming companies
    Top 25 vertical farming companies
  • The Best Mechanical Engineering Design Software in 2022
    The Best Mechanical Engineering Design Software in 2022
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire
  • Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
    Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
  • AMD launches robotics starter kit to ‘kick-start the intelligent factory of the future’
    AMD launches robotics starter kit to ‘kick-start the intelligent factory of the future’

Overused words

abb ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

Secondary Sidebar

Latest news

  • Is Robot-Assisted Laser Hair Surgery the Future?
  • AMD launches robotics starter kit to ‘kick-start the intelligent factory of the future’
  • Merits and demerits of investing in the crypto world
  • The real-world use cases for blockchain technology
  • Tips for picking a reliable crypto platform
  • Reliable tips for picking the right crypto wallet
  • How Additive Manufacturing Works and Provides Benefits
  • How is technology and innovation changing the field of photography?
  • How robots and RPA will change the business of the future
  • The Pros and Cons of Selling vs Trading in Your Vehicle

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

August 2021
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Jul   Sep »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2022 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT