In the past few years, CATL has been dominating the global power TV market. However, in the first quarter of this year, LG Chem won a large order from Tesla, so LG Chem quickly surpassed CATL and ranked first in the world. The volume gap is rapidly shrinking.
CATL is China’s largest power battery company. This is mainly due to China, the world’s largest new energy vehicle market. In 2015, China became the world’s largest new energy vehicle market, and CATL rapidly emerged and became the world’s largest power battery. enterprise.
At that time, Panasonic was the only power battery supplier for Tesla, the global leader in the new energy vehicle market. With the rapid increase in sales of Tesla vehicles, Panasonic’s position in the power battery market has continued to rise, and shipments have been catching up with the Ningde era. In the years since then, CATL and Panasonic have respectively ranked top two in the global power battery market.
In addition to CATL in the Chinese market, there are also power battery companies such as BYD and Guoxuan Hi-Tech. South Korean companies such as LG Chem and Samsung SDI rank low in the global power battery market, and their shipments are far inferior to CATL and Panasonic. However, the industry generally believes that the power battery technology of LG Chem and Samsung SDI is ahead of Chinese power battery companies.
The change occurred at the end of 2019. At the end of this year, Tesla's factory in Shanghai, China, was put into production. Subsequently, Tesla lowered the price of model 3 produced in Shanghai to less than 300,000 yuan after subsidies. The monthly sales volume of model3 exceeds 10,000, ranking first on the list of the hottest-selling new energy vehicles in the Chinese market.
Panasonic is reluctant to follow Tesla in building a power battery factory in the Chinese market. Part of the reason is that it believes that it is difficult to make profits from cooperation with Tesla, so LG Chem has become the only power battery supplier for Tesla's Shanghai plant. With the hot sales of model3, LG Chem’s power battery shipments surged, and it quickly surpassed CATL and Panasonic in the first quarter of this year to become the leader in the global power battery market.
LG Chem has achieved rapid growth in power battery shipments due to becoming a supplier of Tesla’s Shanghai factory, which stimulated the Chinese power battery company Ningde era. Then Ningde era began to actively seek cooperation with Tesla. This year, Zhongningde Time has become Tesla’s power battery supplier as it wishes, and Tesla’s subsequent model 3 that uses Ningde’s lithium iron phosphate battery has once again greatly reduced the price to less than 250,000 yuan.
After CATL became Tesla’s power battery supplier, it immediately saw the consequences. In August this year, CATL’s power battery shipments quickly approached LG Chem. According to published data, the installed capacity of LG Chem and CATL’s power batteries were different. It is 10.5Gwh and 10.0Gwh, and the gap between the two is greatly reduced.
From the rapid changes in the rankings of LG Chem, CATL, and Panasonic in the global power battery market, it can be seen that Tesla has played a huge role in it. Whoever can get more orders from Tesla has the opportunity to become a global power player. Overlord of the battery market.
LG Chem, CATL, and Panasonic are the representatives of the power battery industry in South Korea, China, and Japan. The changes in their rankings also represent the changes in the status of these three countries in the power battery market. It can be said that Tesla alone determines China The status of the power battery industry in Japan and South Korea.
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