Among the top 10 companies in global (excluding China) power battery installations in Q1 2025, only Samsung SDI and Panasonic experienced a year-over-year (YoY) decline, while the remaining eight companies achieved positive YoY growth. Among them, BYD, Gotion High-tech, CALB, and Tesla all achieved triple-digit YoY growth.
Recently, South Korean research institute SNE Research released data on global (excluding China) power battery installations for Q1 2025, which reached 98.4 GWh, up 26.5% YoY.
From the perspective of YoY changes in battery installations,among the top 10 companies in Q1 2025, only Samsung SDI and Panasonic saw a YoY decline in power battery installations, while the remaining eight companies achieved positive YoY growth. Among them, BYD, Gotion High-tech, CALB, and Tesla all achieved triple-digit YoY growth.
From the perspective of ranking changes,compared to Q1 2024, the rankings of the top 10 companies in Q1 2025 changed significantly. Among the top five, except for the first and second positions remaining unchanged, SK On rose from fifth place last year to third place; although Samsung SDI lagged behind SK On, it surpassed Japan's Panasonic to rank fourth; Panasonic fell from third place last year to fifth place. Among the top 6-10, BYD maintained its sixth position, while Gotion High-tech and Tesla were newly listed companies, ranking seventh and tenth, respectively; PPES and PEVE, battery companies jointly established by Toyota and Panasonic, dropped out of the top 10.
However, compared to January-February 2025, Samsung SDI and Panasonic swapped positions among the top 5 enterprises, and Tesla fell from seventh to tenth place among the top 10.
Among the top 10 enterprises in Q1 2025,Chinese companiesstill accounted for five, namely CATL, BYD, Gotion High-tech, CALB, and Farasis Energy. The total battery installations of Chinese companies in the overseas power battery market reached 41.3 GWh, with a market share consistent with the same period last year at 36.3%.
Specifically, in Q1 2025, CATL continued to maintain its global leadership in the overseas power battery market share, increasing to 29.5%, with battery installations of 29 GWh, up 35.5% YoY. It is worth noting that CATL is expected to be listed on the main board of the Hong Kong Stock Exchange and commence trading on May 20, 2025, becoming one of the largest IPO projects in the Hong Kong stock market in recent years, with an expected total fundraising amount of $4-5 billion. With its listing in Hong Kong, its market share in overseas markets is expected to further increase.
BYD's battery installations reached 6.4 GWh, up 104.7% YoY, with its market share increasing from 4% in the same period last year to 6.5%, maintaining its sixth position.
Gotion High-tech, a new entrant on the list compared to Q1 2024, recorded battery installations of 2 GWh, up 108.2% YoY, with a market share of 2% and ranking 7th. Meanwhile, it rose one position in the rankings compared to January-February 2025.
CALB achieved battery installations of 2 GWh, doubling from 1.1 GWh in Q1 2024 YoY, with a market share of 2% and ranking 8th.
Farasis Energy recorded battery installations of 1.9 GWh, up 12.9% YoY, with a market share of 2% and ranking 9th, rising one position in the rankings compared to January-February 2025.
Regarding Korean companies,in Q1 2025, the three major Korean battery companies held a combined market share of 40.3%, down 6% YoY but up 1.7% QoQ, with total battery installations of 39.6 GWh.
In Q1 2025, LGES, SK On, and Samsung SDI ranked 2nd, 3rd, and 4th respectively in the TOP 10 rankings, maintaining strong competitive strength.
Specifically, LGES recorded battery installations of 21.9 GWh, up 15.3% YoY, though its market share declined to 22.3%.
SK On recorded battery installations of 10.4 GWh, up 35.5% YoY, the highest growth rate among Korean battery companies, with its market share increasing to 10.6%.
Samsung SDI recorded battery installations of 7.3 GWh, down 16.9% YoY, and its market share also declined to 7.4%, primarily due to reduced battery demand from automakers in the European and North American markets.
Regarding Japanese companies,Panasonic's ranking continued to decline. After being displaced from the 3rd global position by SK On, it was overtaken by Samsung SDI and currently ranks 5th, with battery installations of 7.2 GWh, down 6.3% YoY, and its market share further declining to 7.4%.
Regarding US companies,After making a strong debut on the list in 2024, Tesla's ranking had been steadily rising, reaching 7th place at one point. However, in Q1 2025, Tesla's ranking dropped significantly, falling from 7th to 10th place. Despite this, its battery installations still achieved substantial YoY growth, surging from 0.3 GWh in the same period last year to 1.9 GWh, up 447.9% YoY, maintaining the highest growth rate among TOP 10 companies, with its market share increasing from 0.4% to 1.9%.
In addition, SNE previously released the latest data on global power battery installations for Q1 2025. The data showed that in Q1 2025, global power battery installations reached 221.8 GWh, up 38.8% YoY.
From the perspective of ranking changes, compared to Q1 2024, the global power battery market remained in a growth phase in Q1 2025. However, intensified competition led to significant differentiation among producers. Top-tier enterprises continued to expand their market shares by leveraging scale and technological advantages. The competitive landscape among the TOP 3 companies remained stable, with CATL, BYD, and LGES maintaining their rankings.
There were significant changes in the rankings of the second and third tiers. Specifically, SK On rose from 6th to 4th place; CALB climbed from 7th to 5th place; Gotion High-tech advanced from 9th to 6th place; Samsung SDI slipped from 5th to 7th place; Panasonic fell from 4th to 8th place; EVE dropped from 8th to 9th place; and SVOLT Energy Technology remained unchanged at 10th place.
