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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

China-based CATL, the world’s top supplier, 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, which provides lithium-ion batteries to Tesla, Peugeot, Hyundai, Honda, BMW, Toyota, Volkswagen, and Volvo.

Korea’s LG Energy currently remains the second-largest supplier, closely followed by BYD, which elbowed past Panasonic from 2021 to 2022.





This can be overcome if we deploy at scale gold hydrogen where there is a lot of potential in north-america along of new and improved ammonia cars and trucks and ships and airplanes. Batteries market share will shrink because of difficulties of use and they are very costly.

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