Global electric vehicle battery installed capacity in 2021: Ningde era five consecutive championships BYD surpassed SK and Samsung

According to data released by South Korean market research institute SNE Research on February 7th, the global installed capacity of power batteries reached 296.8 GWh, in 2021, an increase of 102.3% compared with the same period last year. The performance of Chinese battery enterprises is very excellent. Ningde era won the champion of global battery installation for the fifth year in a row, and BYD has also achieved much better results than that of Japan and South Korea.

In December 2021, the global installed capacity of power batteries was about 43.7 GWh, an increase of 53.2% over the same period last year, the 18th consecutive month of growth. Among them, Ningde era also continued its excellent performance in the second half of the year, taking the lead again with 16.5 GWh installed capacity and 37.9% market share; LG New Energy still ranked second, with a drop of 5.8% in market share; while Panasonic's battery installed capacity dropped 8% from the same period last year, BYD further captured its market share and remained third in a row.

SK On, Samsung SDI, China New Airlines (formerly AVIC Lithium) and Guoxuan Tech remained unchanged at No. 5-8; Xinwanda rose one place to No. 9, up 622.6% from the same period last year; and Vision Power installed slightly increased 5.3%, squeezing out Yiwei LiNeng to return to 10th place on the list.

For the whole of 2021, Ningde Times, LG New Energy and Panasonic are the top 3 battery manufacturers in the annual list of battery installed capacity. Ningde era installed 96.7 GWh, market share of nearly 1/3, but LG new energy and Panasonic's market share fell 3.1% and 6.2% respectively. The year-on-year increase in the installed capacity of the 4th BYD by 16.5 GWh, is almost equivalent to the annual installed capacity of the 5th SK On and far exceeds the annual installed capacity of the 6th Samsung SDI.

In addition to long-term power, the installed capacity of Chinese battery companies such as China New Airlines and Guoxuan Tech have all increased by more than 100% compared with the same period last year, and Honeycomb Energy's year-on-year performance is even more eye-catching, even more than 400%, ranking 10th on the annual list.

The most noteworthy is the Ningde era of "five consecutive championships". As a battery supplier to major electric car companies such as Tesla, Ningde Times has a large number of customers, which has helped the company increase the installed capacity of electric vehicle batteries. In addition to Tesla, Ningde Times also supplies electric car batteries for companies such as Xilai and Volkswagen, and will supply batteries for Fisker's upcoming Ocean SUV.

In addition, Ningde Times has developed other battery technologies, such as sodium ion batteries, and recently announced the brand EVOGO. The Ningde era has developed so much battery technology that it is understandable that it will become the largest battery manufacturer in the world.

Ningde era was also actively laying out lithium and cobalt materials last year. On November 25th, Ningde Times executives met with YPF, the Argentine state-owned energy company, and Pablo Gonz á lez, president of YPF, said, "it is very possible to establish a joint venture with Ningde Times." Argentina is one of the "lithium triangle" (lithium triangle) in South America, and YPF is exploring areas such as Jujuy, Salta and Catamarca in Argentina where lithium deposits may exist. Last year, Ningde Times also bought cobalt reserves in Congo's Kisanfu 1/4 for $138 million. Kisanfu is one of the most abundant cobalt ores in the world.

Looking forward to 2022, LG new energy is undoubtedly the biggest competitor in the world to maintain the championship in Ningde era. Kwon Young-soo, chief executive of LG New Energy, said at an online media conference before the listing that LG New Energy would have more market share than Ningde because of its wider customer base, which currently operates only in China. "We have received more orders, so we will surpass our competitors (Ningde era), and the market capitalization gap between us and Ningde era will narrow." LG New Energy will use listing financing to build more factories overseas, expand research and development, and improve battery standards.

In addition, from October to December last year, BYD installed more batteries than Panasonic, and the competition with Panasonic will be more intense. As BYD, China New Airlines, Guoxuan Hi-Tech and other companies further expand production capacity and optimize battery technology, they are expected to impact higher rankings. In 2022, let's wait and see!