KATHMANDU: Global electric vehicle (EV) battery production rose by 38.5% in the first five months of 2025, data released by SNE Research, a South Korean research firm, shows.
According to the company, global EV battery consumption during this period reached 401.3 gigawatt-hours (GWh), up by 111.5 GWh from 289.8 GWh during the same period last year. The rise in battery usage aligns with the increase in EV production worldwide in 2025.
Chinese companies continue to dominate the global EV battery market. CATL (Contemporary Amperex Technology Co Ltd) holds the largest share at 38.1%, more than double that of second-ranked BYD. CATL alone accounted for 152.7 GWh of batteries used in the first five months. This marked a 40.6% increase from the 108.6 GWh recorded during the same period last year.
Global EV battery consumption during this period reached 401.3 gigawatt-hours (GWh), up by 111.5 GWh from 289.8 GWh during the same period last year.
BYD ranks second with a 17.4% market share, selling 70 GWh of batteries — a 57.1% jump from 44.5 GWh in the same period last year. LG Energy Solution of South Korea is third with a 10% market share. LG Energy produced 39.9 GWh of batteries, posting a 14.3% year-on-year increase. However, its overall market share has slightly declined compared to the previous year.
Another Chinese company, CALB, is in fourth place with a 4.2% market share, followed by SK On of South Korea, also with a 4.2% market share. Gotion High-Tech of China and Samsung SDI of South Korea rank sixth and seventh with market shares of 3.4% and 3.3%, respectively. Japanese tech giant Panasonic is eighth with 2.9% of the global market. EVE Energy (2.7%) and SVOLT Energy (2.6%) of China hold the ninth and tenth positions, respectively.
The remaining brands accounted for a combined 11.2% of the global market.
