Electromobility
The Ten Largest Battery Manufacturers in the World

From Henrik Bork | Translated by AI 4 min Reading Time

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Chinese battery manufacturers are working to increase their market shares outside of China as well. This is evident from a look at the new "Top 10" producers of automotive batteries in 2024.

Cells from a BMW Electric Vehicle Battery.(Bild:  BMW)
Cells from a BMW Electric Vehicle Battery.
(Bild: BMW)

Chinese battery manufacturers are becoming stronger outside of their home market as well. The "Team China" consisting of CATL, BYD, and others has been able to take additional market share from competitors in Korea and Japan outside of the People's Republic. This is evident from a look at the new "Top 10" producers of automotive batteries in 2024.Recently published figures from the Korean market research agency SNE Research show that Chinese manufacturers have not only been able to expand their dominance in the global market. They have also managed to reduce their lag behind the still-leading Koreans outside of China over the past year. This refers specifically to the total capacity of batteries delivered for electric vehicles and hybrids.