Ju Chao Zi Xun·2026-02-09 13:24Core Insights - The global electric vehicle (EV) battery usage is projected to reach approximately 1,187 GWh in 2025, representing a year-on-year growth of 31.7% from the previous year [2][3]. Group 1: Market Leaders - CATL remains the global leader in battery usage with 464.7 GWh in 2025, showing a growth of 35.7% year-on-year. Its clientele includes major global brands such as Tesla, BMW, and Mercedes [4]. - BYD ranks second with a battery usage of 194.8 GWh, reflecting a 27.7% increase. The company is expanding its market presence, particularly in Europe, where its battery usage surged by 201.4% to 14.9 GWh [4]. - LG Energy Solution holds the third position with 108.8 GWh, marking an 11.3% growth. The company supplies batteries to Tesla and other automakers, although it faces challenges due to contract terminations and production issues [5][6]. Group 2: Competitive Landscape - The combined market share of South Korean battery manufacturers (LG Energy Solution, SK On, and Samsung SDI) has decreased by 3.3% to 15.4% [5]. - SK On's battery usage reached 44.5 GWh, growing by 12.3%. However, the company faces challenges due to the discontinuation of the Ford F-150 Lightning and a slowdown in the North American EV market [6]. - Samsung SDI's battery usage declined by 6.9% to 28.9 GWh, with its primary clients including BMW and Rivian. The company is experiencing mixed performance due to varying sales of its clients' EV models [5][6]. Group 3: Future Outlook - The electric vehicle battery market is expected to see increased demand, but regional disparities and competitive pressures may lead to greater volatility in company performance [7]. - The Chinese market is characterized by intense price competition, particularly with lithium iron phosphate (LFP) batteries, which may exert downward pressure on prices [7]. - The North American market faces uncertainties in EV demand, which could impact the production capacity and shipment volumes of South Korean battery manufacturers [7].