Global Top 10 Power and ESS Battery Shipments Announced, Six Chinese Companies Hold Nearly 70% Market Share

Published: Feb 26, 2025 08:36

Save

[Global Top 10 Power and ESS Battery Shipments Released: Six Chinese Companies Hold Nearly 70% Market Share] In 2024, global power and ESS battery shipments reached 1,299 GWh. Among them, CATL secured the top position with shipments of 491 GWh. (Battery Network)

全球动力及储能电池出货量排名

On February 24, the South Korean research institute SNE Research released the 2024 global power and ESS battery shipment rankings.

According to the rankings, global power and ESS battery shipments in 2024 reached 1,299 GWh. Among them, CATL secured the top position with shipments of 491 GWh.

Other Chinese companies on the list include BYD, EVE, CALB, Gotion High-tech, and Sunwoda, ranking second, fourth, fifth, sixth, and tenth, respectively.

These six Chinese companies collectively accounted for 69% of the global power and ESS battery market share.

South Korean companies saw a decline in overall market share, with LGES, Samsung SDI, and SK On ranking third, seventh, and ninth, respectively, with a combined market share of approximately 16%.

For Japanese companies, Panasonic ranked eighth, with power and ESS battery shipments down 46% YoY, the largest decline among the Top 10 companies, and a market share of 3%.

SNE Research also noted that the total market share of the Top 10 global power and ESS battery companies decreased from 92% in 2023 to 87% in 2024, a drop of 5%.

In terms of power battery shipment rankings, the Top 10 global power battery companies in 2024 were CATL, BYD, LGES, CALB, Panasonic, Samsung SDI, Gotion High-tech, SK On, EVE, and Sunwoda.

For ESS battery shipment rankings, the Top 10 global ESS battery companies in 2024 were CATL, EVE, BYD, CALB, Gotion High-tech, Samsung SDI, LGES, Panasonic, Sunwoda, and SK On.

Previously, research institutions EVTank and the China Battery Industry Research Institute jointly released data on 2024 global power and ESS battery shipments: global power battery shipments reached 1,051.2 GWh in 2024, up 21.5% YoY; global ESS battery shipments reached 369.8 GWh in 2024, up 64.9% YoY.

From the competitive landscape of major global power battery enterprises, CATL ranked first in 2024 with shipments of nearly 360 GWh, holding a global market share of 34.2%, down 1.5 percentage points compared to 2023. Its top five automaker clients in 2024 were Tesla, Geely, BMW, Volkswagen, and NIO.

BYD, driven by its NEV group, ranked second in power battery shipments. Additionally, BYD's key automaker clients in 2024 included Xiaomi, Tesla, Toyota, and XPeng.

Ranking third was South Korea's LGES, with power battery shipments of nearly 120 GWh in 2024. Its top five clients were Volkswagen, Tesla, General Motors, Hyundai, and Volvo.

According to EVTank data, the companies ranking fourth to tenth in global power battery shipments in 2024 were CALB, South Korea's SK On, Japan's Panasonic, South Korea's Samsung SDI, Gotion High-tech, EVE, and SVOLT Energy Technology, respectively.

In the competitive landscape of major global ESS battery enterprises, eight of the top ten companies in 2024 were Chinese. CATL led with nearly 110 GWh of ESS battery shipments, accounting for 29.5% of the global market share, followed by EVE, Xiamen Hithium, BYD, AESC, CALB, REPT, and Gotion High-tech. South Korea's Samsung SDI and LGES ranked ninth and tenth, respectively.

全球主要储能电池企业

Comparing the rankings of the Top 10 companies in 2023 and 2024, it is evident that the competitiveness of Japanese and South Korean companies in the ESS sector has significantly declined. Among Chinese companies, EVE rose to second place globally; BYD dropped from second in 2023 to fourth in 2024; AESC showed significant progress, climbing to fifth globally, with approximately 50% of its shipments exported overseas through overseas system integrators; REPT's shipments declined, ranking seventh globally.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.

According to the latest data from the Passenger Car Association, in December 2025, producers with new energy wholesale sales exceeding 10,000 units accounted for 93% of the total wholesale sales of passenger NEVs that month. Based on preliminary January data, these producers achieved sales of 830,000 units in January. As most producers have already locked in their major sales figures, by applying the structural proportion from the previous month to the current month's data, the estimated wholesale sales of passenger NEVs nationwide in January were 900,000 units. According to comprehensive preliminary monthly association data: the estimated wholesale sales of NEVs by national passenger car producers in January 2026 were 900,000 units, up 1% YoY.

14 hours ago

CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.

据中国汽车工业协会整理的海关总署数据显示，2025年12月，汽车整车进口3.0万辆，环比下降30.4%，同比下降56.1%；进口金额14.7亿美元，环比下降23.6%，同比下降52.5%。2025年，汽车整车进口47.6万辆，同比下降32.4%；进口金额236.4亿美元，同比下降39.7%。

14 hours ago

Canada Announces New EV Strategy, to Collaborate with China

According to CCTV News, on February 5, Canadian Prime Minister Mark Carney announced a new electric vehicle strategy, including the reinstatement of car purchase subsidies, and stated that Canada will cooperate with China to promote the local production and export of EVs in Canada. According to a statement released by the Prime Minister's Office of Canada, the country will make full use of existing and newly established trade agreements, including a recently reached EV cooperation agreement with China, to facilitate large-scale investment in this sector, diversify Canada’s automotive export markets, and position Canada as one of the global leaders in the electric vehicle industry.

14 hours ago