Busi Knews

Korean 'Battery Makers’ Lost Market Share 9% from 2021 Source - The Financial Busi Knews - The global market share of the three largest Korean battery cell manufacturers has fallen precipitously. The global market share of the three major Korean battery cell firms fell in 2022 compared to the previous year. According to analysts, they have been losing momentum to Chinese battery manufacturers, especially CATL, the world's largest battery manufacturer. According to SNE Research, a market research firm, the combined market share of LG Energy Solution, SK On, and Samsung SDI was 25.6 percent in the January-May period of this year, down 9.1 percentage points from 34.7 percent in the same period of 2021. SK On's market share increased by 1.6 percentage points from 5.2 percent to 6.8 percent, while LG Energy Solution's share decreased by 9.2 percentage points from 23.6 percent to 14.4 percent. In sixth place, Samsung SDI declined 1.5 percentage points, with its share falling