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Korean Battery Dominates Global Electric Car Market
Author:admin    Source:Sino-report    Number of clicks :     Update time:2018-06-05 20:42
LG Chem and Samsung SDI took 2nd and 3rd place, respectively, in worldwide electric vehicle battery shipments in 2017 (excluding China)
-  LG Chem and Samsung SDI took 2nd and 3rd place, respectively, in worldwide electric vehicle battery shipments in 2017 (excluding China)   
 
- SK Innovation is expected to fall to 7th from 6th.


LG Chem and Samsung SDI took 2nd and 3rd place, respectively, in worldwide electric vehicle battery shipments in 2017, excluding China. SK Innovation, however, is estimated to drop to 7th place from 6th from last year.
 
In this analysis, the battery shipments for EVs released in China were not accounted for. During Jan - Nov, excluding the battery shipment by Chinese makers, the battery shipments grew 37.1% from a year ago to 19.2 GWh.
 
Among the battery makers, LG Chem is expected to take the 2nd place next to Panasonic with a total shipment of 4.1 GWh. It can be translated to a 2.7-fold growth from the previous year, up two places in the ranking. Samsung SDI also reported an 87.5% growth with a total shipment of 2.2GWh, raising its rank from 5th to 3rd. Because the two makers are leading the followers by more than 0.5 GWh, the current ranking is likely to stay by the end of the year.
 
The rapid growth of both companies is driven by the favorable sales volume of models equipped with batteries from each company.  LG Chem is supplying batteries for BEV and PHEV models such as Hyundai Ionic EV, Chevrolet BOLT, and Renault Zoe, and Samsung SDI is producing batteries used for BEV and PHEV models, including BMW i3, 330e, and 530e, Volkswagen e-Golf. All these models enjoyed increasing sales in 2017.
 
On the other hand, despite the increase in sales of Kia Soul BEV models, SK Innovation shipped only 268 MWh, which is less than half compared with the same period last year due to the sluggish Chinese market. As a result, the ranking also dropped from 6th to 7th place.
 
 
 
 
Meanwhile, worldwide battery shipments in November 2017 totaled 1.9 GWh, a 46.4% increase from previous year.
 
Panasonic stayed at the top, LG Chem, Samsung SDI, and SK Innovation ranked 2nd, 3rd, 6th, respectively. In particular, a substantial growth of LG Chem and Samsung SDI led the market growth.
 
Kim Kwang-ju, the CEO of SNE Research, pointed out that while China accounts for a large portion of the electric vehicle market, the Chinese government's overseas battery regulations are preventing Korean batteries from being on the Chinese market. However, he predicted the dominance of LG Chem and Samsung SDI would become stronger in the battery marker, except in China.
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