The global expansion of electric vehicles continues, pulling with it even faster growth in the battery industry, which must not only supply batteries for more EVs but also increasingly higher capacity batteries (on average).<\/p>\n
Today, we will take a look at the list of the top lithium-ion battery suppliers for passenger cars and vans, which was shared with us by EV Volumes<\/em>.<\/p>\n According to the report, from January 1 through June 30, 2023, the top battery manufacturer by capacity is CATL with almost 93 gigawatt-hours deployed and a big chance for 200 GWh in 2023.<\/p>\n The Chinese manufacturer has a huge advantage over the second LG Energy Solution (57.1 GWh). BYD, which is third with 49.4 GWh, doubled its volume year-over-year and might potentially become the number two at some point in the future.<\/p>\n For reference, EV Volumes<\/em>‘ data indicate that in 2022, the volume amounted to about 550 GWh (up 65 percent year-over-year from 330 GWh in 2021).<\/p>\n