According to the latest data from EV-volumes.com, global production of EV batteries increased by 42% in 2023. This represents a total market output of over 680 gigawatt-hours (GWh) of batteries used in passenger cars and vans.
The study focused on significant production values and results for different manufacturers. GWh values are now the most important, as one GWh is equivalent to 1 million kilowatt-hours (kWh), which is a popular unit of measurement in electric vehicle battery specifications. Assuming the average EV has a battery capacity of 50 kWh, the production of 1 GWh of batteries would be enough to equip approximately 20,000 vehicles.
In 2023, the absolute leader in EV battery production was CATL, which produced 243.3 GWh of cell batteries. This represents a 48% increase compared to 2022 and a market share of 36% for the whole year.
CATL’s Chairman and CEO, Robin Zeng, emphasized the importance of battery innovations for the future of clean energy during the Davos Economic Forum in early 2024. Expanding battery production will also be beneficial for the automotive industry. “We are focusing on aerospace applications for compact batteries, and as production increases, we will be able to lower costs and also utilize the batteries in cars,” explained Zeng.
CATL also formed two new strategic partnerships. One is a collaboration with Jianghuai Automobile Group (JAC), aimed at providing cell power for EVs, introducing battery swapping technology, and jointly developing new products. The second partnership, signed with MHERO, a subsidiary of Dongfeng Motor Corporation, involves a three-year collaboration with CATL as the main EV battery supplier for this car manufacturer.
The report also mentioned other leading companies producing EV batteries, such as BYD in second place (with a 17% market share), LG Energy Solution in third place (with a 16% market share), as well as Panasonic, SK On, Samsung SDI, CALB, Farasis Energy, Envision AESC, and Sunwoda. It is also worth noting the unspecified manufacturers, who accounted for 3% of the market in 2023.
Frequently Asked Questions (FAQ) based on the main topics and information presented in the article:
1. How much did global EV battery production increase in 2023?
According to the latest data from EV-volumes.com, global EV battery production increased by 42% in 2023.
2. How many gigawatt-hours (GWh) of batteries were produced?
The production amounted to over 680 gigawatt-hours (GWh) of batteries used in passenger cars and vans.
3. Why are GWh values important?
GWh values are now the most important because one GWh is equivalent to 1 million kilowatt-hours (kWh), which is a popular unit of measurement in electric vehicle battery specifications.
4. What is the significance of EV battery production for the automotive industry?
The growth of EV battery production is beneficial for the automotive industry as it enables equipping a larger number of vehicles with batteries and facilitates the development of aerospace applications for compact batteries.
5. Which company was the leader in EV battery production?
In 2023, CATL was the absolute leader in EV battery production, with a market share of 36% for the whole year.
6. Which companies did CATL form strategic partnerships with?
CATL formed two new strategic partnerships: one with Jianghuai Automobile Group (JAC) and another with MHERO (a subsidiary of Dongfeng Motor Corporation).
7. What are the other leading EV battery manufacturers?
Other leading EV battery manufacturers include BYD, LG Energy Solution, Panasonic, SK On, Samsung SDI, CALB, Farasis Energy, Envision AESC, and Sunwoda.
Links to related topics on the main domain:
1. electrive.com – An information portal about electromobility and the EV battery market.
2. insideevs.com – An information portal about electric vehicles and new technologies in the automotive industry.
3. cleantechnica.com – A portal dedicated to clean energy and electromobility.
The source of the article is from the blog oinegro.com.br