Top 10 Global Power Battery Installations in the First Two Months: LGES and Samsung SDI Experienced Significant Declines, While One Chinese Company Saw the Fastest Growth

Recently, South Korean research institution SNE Research released the latest data on global power battery installations from January to February 2025. The data showed that global power battery installations reached approximately 129.9 GWh, up 40.3% YoY. In terms of ranking changes, compared to January-February 2024, CATL, BYD, and LGES maintained their positions as the top three in January-February 2025. SK On rose from sixth to fourth place, while Panasonic remained in fifth place. CALB climbed from seventh to sixth, Gotion High-tech moved from eighth to seventh, Samsung SDI dropped from fourth to eighth, SVOLT Energy Technology rose from tenth to ninth, and EVE fell from ninth to tenth. From a market share perspective, among the top 10 companies in global power battery installations from January to February 2025, four Chinese battery companies—BYD, Gotion High-tech, SVOLT Energy Technology, and EVE—achieved YoY growth. CATL, LGES, SK On, Panasonic, and Samsung SDI experienced YoY declines, while CALB’s market share remained unchanged. In terms of YoY changes in market share, among the top 10 companies, BYD saw the fastest growth at 3.80%, while LGES and Samsung SDI experienced the most significant declines, dropping 2.80% and 2.60%, respectively. Regarding YoY changes in installations, among the top 10 companies, only Samsung SDI saw a decrease in installations, down 22.2% YoY. SVOLT Energy Technology achieved the highest growth, doubling its installations with a 105.9% YoY increase, followed by BYD and Gotion High-tech, which grew 81.0% and 76.9% YoY, respectively. Notably, overall, BYD and LGES maintained their second and third positions, but there was a significant gap in their YoY installation changes and market share shifts. In January-February 2024, BYD and LGES had installations of 12.1 GWh and 11.7 GWh, respectively, with a minimal gap. However, by January-February 2025, BYD’s installations reached 21.9 GWh, while LGES’s were 12.7 GWh, nearly halving the difference. BYD’s market share increased from 13.1% to 16.9% YoY, while LGES’s share dropped from 12.6% to 9.8% YoY. Among Chinese companies, six—CATL, BYD, CALB, Gotion High-tech, SVOLT Energy Technology, and EVE—were listed in the top 10 for global power battery installations from January to February 2025. Their combined installations totaled 87.7 GWh, accounting for 67.50% of the market share. CATL maintained its position as the global leader with installations of 49.6 GWh, up 39.7% YoY, and a market share of 38.2%. BYD ranked second globally with installations of 21.9 GWh, up 81.0% YoY, and its market share saw the most significant increase, rising to 16.9%, up 3.8% YoY. Among the other four Chinese companies, CALB ranked sixth globally with installations of 5.0 GWh, up 42.9% YoY, and a market share of 3.8%. Gotion High-tech ranked seventh with installations of 4.6 GWh, up 76.9% YoY, and a market share of 3.5%. SVOLT Energy Technology ranked ninth with installations of 3.5 GWh, up 105.9% YoY, and a market share of 2.7%. EVE ranked tenth with installations of 3.1 GWh, up 63.2% YoY, and a market share of 2.4%. Among South Korean companies, LGES, SK On, and Samsung SDI all saw declines in market share from January to February 2025, with combined installations of 23 GWh, accounting for 17.7% of the market. Specifically, LGES maintained its third global position with installations of 12.7 GWh, up 8.5% YoY, but its market share dropped significantly by 2.80% YoY to 9.8%. SK On ranked fourth with installations of 6.1 GWh, up 38.6% YoY, and a market share of 4.7%, down slightly by 0.10% YoY. Samsung SDI ranked eighth with installations of 4.2 GWh, down 22.2% YoY, and a market share of 3.2%, down significantly by 2.60% YoY. The decline in Samsung SDI was primarily due to reduced battery demand from major automakers in Europe and North America. Among Japanese companies, Panasonic ranked fifth with unchanged installations of 5.1 GWh, but its market share dropped 1.60% YoY to 3.9%. SNE analysis pointed out that due to the Trump administration’s increased tariff policies, uncertainty in the global EV market rose in 2025. The US announced tariffs on Chinese batteries and key raw materials, creating tension across the global EV supply chain. Ultimately, global companies relying on Chinese raw materials and batteries will drive supply chain restructuring, while South Korean battery companies will gradually take on the important task of expanding production in North America and diversifying raw material sources.