How much does China account for among the world's top ten lithium battery manufacturers

by:CTECHi     2021-08-20

According to the 'Nihon Keizai ShimbunJapan's Panasonic ranked first, China's CATL and BYD ranked second and third, and two Korean companies, LG Chem and Samsung SDI, also entered the top ten. Some analysts say that the top three in East Asia are performing the 'Romance of the Three Kingdoms' of electric vehicle batteries.

Recently, according to Business Korea reports, South Korea’s three major battery manufacturers LG Chem, Samsung SDI and SK Innovation agreed to jointly develop core battery technologies. In addition, they will establish a scale of 100 billion South Korean won (approximately US$90 million) fund to build the next-generation battery industry ecosystem.

It is reported that the three companies will also cooperate on next-generation battery-related materials, processes and equipment. According to the agreement, they will jointly invest in research and development projects, namely solid-state batteries, lithium metal batteries and lithium-sulfur batteries, while supporting the development of next-generation battery materials, processes and equipment, and accelerating the early commercialization of core technologies.

Since the birth of the lithium-ion battery industry in the early 1990s, it has been about 30 years. This industry has gone from being monopolized by Japan to competing for hegemony between Japan and South Korea, and now China, Japan and South Korea have become a tripartite , Now gradually began to develop in the direction of China's monopoly.

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