Chinese company BYD developed in parallel with Tesla, but started producing electric cars after it mastered mass production of lithium batteries.The shutdown of Tesla's assembly line in Shanghai allowed BYD to become the world's second largest producer of traction batteries in April.The first place is still occupied by CATL with 33.7% of the market.Image source: BYDThe statistics of SNE Research presented by Business Korea traditionally focuses on the business dynamics of Korean battery manufacturers, considering the period from January to April of this year inclusive.Korean manufacturers have made significant progress in the annual comparison, but Chinese CATL still surpassed them, increasing the volume of supply by 114.1% and securing a little more than a third of the world market.BYD is in third place with a 224.5% increase in supply volume and has almost doubled its market share to 12.1%.LG Energy Solution managed to increase battery sales by 19.1% in the first four months of this year, but its share has dropped from 22.9% to 14.1%, although it is still in second place in the world ranking compared to its Chinese competitors.Korean SK On was awarded only the fifth place, although its sales increased by 141.3%, and market share grew from 5.3% to 7%.Samsung SDI is on the sixth place with a sales increase of 26.9%, but its share for the year decreased from 5.8% to 4.0%.Total for the first four months of this year was released by manufacturers of traction batteries with a total capacity of 122.9 GWh.This represents an increase of 83.4% over the same period last year.Shipments have grown steadily since the third quarter of 2020.Japanese manufacturers, including Panasonic, have also reduced their market share this year amid the progress of Chinese and Korean competitors.
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