KATHMANDU: Global battery consumption for electric vehicles (EVs) saw a significant increase of 37.3% in the first half of 2025.
According to data compiled by SNE, a South Korean market research company, total global EV battery usage reached 504.4 gigawatt-hours (GWh) during the period. This marks a year-on-year increase of 137 GWh compared to the same period in 2024, when global EV battery usage stood at 367.4 GWh.
The rise has been attributed to a sharp growth in electric vehicle production this year.
Chinese companies continued to dominate the global battery market in the review period as well. CATL retained its lead with a 37.9% market share. It supplied 190.9 GWh of batteries in the first half of 2025, up from 138.5 GWh during the same period last year.
Five Chinese, four South Korean and one Japanese company make up the world’s ten largest EV battery producers.
BYD secured second place with a 17.8% market share and battery consumption of 89.9 GWh. This marked a 58.4% increase from 56.7 GWh a year earlier.
LG Energy Solution ranked third with a 9.4% market share. The Korean company supplied 47.2 GWh of EV batteries during the review period, a modest 4.4% year-on-year growth. Despite the increase, the company’s overall market share slightly declined.
Chinese company CALB was in the fourth position with with a market share of 4.3%, while South Korean company, SK On, was fifth with a 3.9% market share.
Panasonic of Japan ranked sixth with a 3.7% share of the global EV battery market. Another Korean firm, Gotion, ranked seventh with a market share at 3.6%. Samsung SDI of South Korea was eight with a market share of 3.2%, while EVE Energy (2.7%) and SVOLT Energy (2.6%) were in the ninth and eighth positions, respectively.
Other battery manufacturers had a combined market share of 11.1%.
