Despite efforts from the US. and EU to secure local domestic supply, all major EV battery manufacturers remain based in Asia. A new graphic from Visual Capitalist ranks the top 10 EV battery manufacturers by total battery deployment (measured in megawatt-hours) in 2023.

The data is from EV Volumes.

At the top is CATL (Contemporary Amperex Technology Co. Limited) with a 34% share of the market. CATL supplies a range of China-made EVs, including the Tesla Model Y, SAIC’s MG4/Mulan, and various Li Auto models.

In 2023, BYD surpassed LG Energy Solution to claim second place. This was driven by demand from its own models and growth in third-party deals, including providing batteries for the made-in-Germany Tesla Model Y, Toyota bZ3, Changan UNI-V, Venucia V-Online, as well as several Haval and FAW models.

The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment.