Korean Power Battery Manufacturers' Global Market Share Outside China Slips Slightly in Q1 2023

【The Market Share of Korean Power Batteries Globally Excluding China Fell Slightly from January to April】

From January to April this year, the installed capacity market share of the three major South Korean power battery manufacturers outside the Chinese market decreased slightly year-on-year. During the same period, the total installed capacity of various electric vehicle batteries in the global market excluding China increased by 13.8% year-on-year, reaching 101.1 gigawatt-hours (GWh). Among them, the combined market share of the three major South Korean manufacturers fell by 1.6 percentage points year-on-year to 46.7%.