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Where do EV batteries come from?

The top 10 producers are all Asian companies. Currently, Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%). The leading battery supplier, CATL, expanded its market share from 32% in 2021 to 34% in 2022. One-third of the world’s EV batteries come from the Chinese company.

Who makes EV batteries?

Despite efforts from the United States and Europe to increase the domestic production of batteries, the market is still dominated by Asian suppliers. The top 10 producers are all Asian companies. Currently, Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

Who makes the most EV battery?

The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment. Once a leader in the EV battery business, Panasonic now holds the fourth position with an 8% market share, down from 9% last year.

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