Ju Chao Zi Xun·2025-07-07 04:16Core Insights - The global electric vehicle (EV) battery market experienced significant growth in the first five months of 2025, reaching a total usage of 401.3 GWh, representing a year-on-year increase of 38.5% [2][5] - This growth reflects the rising global demand for electric vehicles, advancements in battery technology, and reductions in costs [2] Company Performance - CATL (Contemporary Amperex Technology Co., Limited) maintained its leading position in the market with a battery usage of 152.7 GWh, a 40.6% increase from the previous year, and a market share of 38.1% [3][5] - BYD (Build Your Dreams) achieved strong growth, with battery usage rising from 44.5 GWh to 70 GWh, marking a 57.1% increase and a market share of 17.4% [4][5] - LG Energy Solution's battery usage increased from 34.9 GWh to 39.9 GWh, a growth of 14.3%, but its market share decreased to 10% [4][5] - SK on's battery usage grew from 14.2 GWh to 16.8 GWh, reflecting an 18.1% increase, with a market share of 4.2% [5] - CALB (China Aviation Lithium Battery) saw its battery usage rise from 13.7 GWh to 16.9 GWh, a 22.7% increase, with a market share of 4.2% [5] - Gotion's battery usage surged from 7.7 GWh to 13.8 GWh, a remarkable 78.9% increase, resulting in a market share of 3.4% [5] - The fastest growth was observed in Honeycomb Energy, with battery usage jumping from 5 GWh to 10.5 GWh, a 110.1% increase, and a market share of 2.6% [5] Market Dynamics - The report by SNE Research highlights the rapid growth of the global electric vehicle battery market and the changing competitive landscape [5] - The significant growth of CATL and BYD indicates the increasing importance of Chinese manufacturers in the global battery market [5] - The steady performance of South Korean manufacturers and the rise of emerging manufacturers contribute to the market's vitality and innovation [5] - With the continuous growth in global demand for electric vehicles, the battery market is expected to expand further, leading to intensified competition [5]