CATL tops global EV battery market for the seven consecutive year

CATL has ranked first in the world for seven consecutive years, according to SNE Research, a South Korean battery and energy research company, which recently released global EV battery consumption volume data in 2023.

As a leading market research company in South Korea, SNE Research has long been engaged in providing global market research and consulting services in the fields of electric vehicles, wind power, and solar power. It is one of the most cited research institutions in the world in the fields of electric vehicles and batteries.

According to the report, the total global EV battery consumption volume in 2023 reached 705.5 GWh, with a year-on-year growth of 38.6%. CATL’s EV battery consumption volume reached 259.7GWh, with an increase of 40.8% compared to 2022 and a market share as high as 36.8%, nearly 21% ahead of the second. This is the seventh consecutive year that CATL has topped the EV battery market. With the support and assistance of its global new energy vehicle partners, CATL stands as the world’s only battery manufacturer with a market share of more than 30%. 

Technological innovation is the key driver for CATL. In 2023, as a global leader in new energy innovative technologies, CATL made great efforts in both technology and products, for example, Qilin Battery was put into mass production and Shenxing Superfast Charging Battery was launched. In 2024, in the context of global energy transformation, CATL will remain dedicated to breakthroughs and innovations, and building solid competitiveness for global new energy vehicle partners with cutting-edge technology and innovative products, thus promoting high-quality development of the industry.