"China leads the world in the field of electric vehicle batteries", "Korea Economy" reported on the 9th that the latest data showed that the Chinese market led the overall growth of global electric vehicle battery usage last year. Standing out, the outside world is paying attention to whether the Korean battery industry can break through China's dominance and increase its global presence.
South Korea's "Asian Economy" said on the 9th that the market research agency SNE Research released statistics on the same day that the total installed capacity of battery energy for electric vehicles in the world last year was 296.8 gigawatt hours (GWh), an increase of 102.3% over the previous year. Among them, China's consumption in 2021 will be 149.2GWh, accounting for 50.3% of global consumption. The relevant person in charge of SNE Research said that last year's global electric vehicle battery industry was called "the year of China", and China is showing an overwhelming advantage among the world's major economies.
South Korea's "EDAILY" website said on the 9th that the performance of the three major battery companies in South Korea was generally lower than expected last year. South Korean battery industry sources said on the 9th that South Korea's LG Energy Solutions' operating profit last year was 768.5 billion won (about 4 billion yuan), which did not meet expectations. Samsung SDI's operating profit was also lower than expected, while South Korea's SK Innovation continued to lose money, with a loss of 683.1 billion won.
On the other hand, in the preliminary financial report released by the CATL, it is predicted that the net profit will reach 14 billion to 16.5 billion yuan last year. Some analysts believe that Korean companies produce batteries in South Korea, Europe, the United States and China, while CATL’s production facilities are almost all in China, and the first overseas production base has recently been established in Germany. China's labor costs are low, the battery value chain is fully utilized, and the burden of logistics costs is relatively small, because China is the world's largest market.
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