The total amount of battery energy in electric vehicles registered in 80 countries around the world in the first half of this year was 304.3 gigawatt hours (GWh), up 50.1 percent year on year, according to SNE Research on Aug. 3. The electric vehicles included battery electric vehicles (BEVs), plug-
As the battery technology development cycle gets shorter and shorter, China heats up the race to secure patents, ratcheting up tension in the battery industry.China’s CATL, the world’s No. 1 battery maker by market share, recently registered a patent on a battery technology in just 39 days according
Smartphone companies from Japan and China, which once claimed they would surpass Samsung Electronics, are sequentially withdrawing from the business. This is due to receiving evaluations that their quality and price competitiveness are subpar. Samsung and Apple outperformed them in the high-end mark
Global automotive companies are speeding up the process of battery internalization. Batteries account for about 30-40% of the cost of electric vehicles (EVs), making them a key component. If they are successfully developed in-house, significant price competitiveness can be achieved.According to indu
While the usage of batteries by electric vehicles registered in the global market has increased year on year this year, the three major Korean battery makers has posted decreases in their market shares.According to SNE Research, a market research firm specializing in energy, the total usage of batte
Recently, the secondary battery industry and the automotive industry have been competing for leadership in battery packs. While battery companies prefer turnkey supply from battery cells to modules and packs, the automotive industry has a position that it cannot lose out on the lead in manufacturing
The national competitiveness ranking of Korea, invited to the Group of Seven (G7) Summit scheduled from May 19 to 21 in Hiroshima, Japan, has emerged as the sixth in the world, demonstrating a level comparable to G7 nations.On May 17, the Federation of Korean Industries (FKI) announced the findings
The three major Korean battery companies accounted for 49.0 percent of the global electric vehicle battery market, excluding China, in the first quarter. The total usage of their batteries amounted to about 64.2 GWh, a year-on-year growth of 45.3 percent.The three Korean battery makers ranked high i
The market share of the three major Korean battery companies fell slightly in the first quarter of this year.The trio’s combined share stood at 24.7 percent in the first quarter of this year, down 1.3 percentage points from 26 percent a year ago, according to SNE Research, a market research firm spe
The author is an analyst of NH Investment & Securities. He can be reached at neul.ha@nhqv.com -- Ed.At Tapex, full-fledged top-line growth is anticipated following production line expansion in 2H23. We expect the firm to benefit from a blossoming of the 4680 cylindrical battery market. Tapex looks s
A total of 22 EV models are expected to benefit from the U.S. Inflation Reduction Act limiting subsidies to those produced in the United States. The models include 11 equipped with batteries from LG Energy Solution, four with batteries from Samsung SDI, and two with batteries from SK On.The 11 model
The implementation of the Inflation Reduction Act (IRA) has been fueling market competition between Korea and Japan over the U.S. electric vehicle battery market.Japan's Panasonic is considering investing around US$5 billion (about 6.5 trillion won) to build a third electric vehicle battery plan
At the beginning of 2023, the three major Korean battery makers have been cruising with high growth rates compared to the previous year. However, as Chinese companies showed explosive growth, LG Energy Solution was pushed down to third place.According to SNE Research on March 30, total batteries in
In 2022, six out of the top 10 battery makers for electric vehicles were Chinese companies. In particular, China’s CATL, which ranked first, chalked up a market share of nearly 40 percent based on shipments.Battery sales by electric vehicle battery makers last year reached 690 gigawatt hours (GWh),
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Maintain BUY, TP of KRW370,000 We maintain BUY and TP of KRW370,000 for L&F. Derived using the DCF model assuming 9.29% WACC (9.67% COE, 5.63% after-tax COD, 1.12 60m adj. beta), our TP implies 39.6x 12m fwd P/E
LG Energy Solution has placed second in the North American electric vehicle (EV) battery market. The use of batteries from SK On and Samsung SDI has also increased significantly.The total amount of battery energy of EVs registered in North America from January to October this year stood at 56.4 giga
China’s CATL, the world's largest battery maker, has joined hands with Japan's Toyota to enter the Japanese market in earnest. CATL announced on Nov. 11 that it has recently signed a memorandum of understanding (MOU) with Japan's Daihatsu Motor Co. for battery supply and technology coope
Market research firm SNE Research said on Oct. 6 that the global EV battery usage was 287.6 GWh in January to August this year, up 78.7 percent from a year ago.The use of CATL EV batteries increased 114.7 percent year on year to 102.2 GWh and the company’s market share rose from 29.6 percent to 35.5
Market research firm SNE Research announced on Sept. 13 that CATL posted sales of US$13 billion in the first half of this year, when those of LG Energy Solution, Samsung SDI and SK On were US$5.84 billion, US$2.98 billion and US$2.07 billion, respectively.The three South Korean EV battery manufactur
Korean battery makers’ combined market share declined in the January-July period of this year due to the rapid growth of Chinese competitors. In particular, in the July rankings, China’s BYD claiming second place, beating out LG Energy Solution.The total battery usage of electric vehicles (EVs) regi