According to data recently released by SNE Research, a South Korean market research organization, from January to May this year, the total number of electric vehicle power batteries registered worldwide reached 157.4GWh, a year-on-year increase of 77.3%.
LG New Energy's battery installed capacity increased by 7.9% year-on-year to 22.6GWh, ranking second. However, its market share was 14.4%, a decrease of 9.2 percentage points compared with the same period last year; SK on's battery installation surged 131.6% year-on-year to 10.8GWh, ranking fifth. Its market share also increased from 5.2% to 6.8%; Samsung SDI's battery installation increased by 32.5% year-on-year, but its market share fell from 5.9% to 4.4%. The global market share of these three companies fell by 9.1 percentage points year-on-year to 25.6%.
