According to the data, the installed capacity of electric vehicle power batteries registered outside China was 42.5GWh, a year-on-year increase of 54.1%. Among them, the installed capacity of LG New Energy was 13.9GWh, a year-on-year increase of 59.9%, ranking first.
Japan's Panasonic and China's CATL ranked second and third with 9.3GWh and 7.1GWh of installed capacity, respectively. SK Innovation's subsidiaries SK on and Samsung SDI came in fourth and fifth with 6.2GWh and 3.5GWh, respectively.
In terms of market share, LG New Energy's market share is 32.7%, SK on is 14.6%, and Samsung SDI is 8.3%. The total market share of the three major Korean companies in the first quarter was 55.6%, an increase of 4.5 percentage points year-on-year. The increase in share is due to the high sales of models using power battery products from Korean companies. SNE Research said that the market share of Chinese-funded companies such as CATL continues to increase, which has brought certain pressure on the three Korean companies.
