In the first quarter of 2020, LG Chem was the EV battery cell maker that supplied the most battery capacity to automakers, in part thanks to Tesla’s strong sales in China.
Let’s see the results.
- LG Chem: 6,385 GWh
- Panasonic: 5,441 GWh
- CATL: 3,064 GWh
- Samsung SDI: 1,364 GWh
- BYD: 1,228 GWh
- AESC: 1,036 GWh
- SK Innovation: 0,604 GWh
- GS Yuasa: 0,176 GWh
- Wanxiang 123 (A123 Systems): 0,1 GWh
- Lishen: 0,31 GWh
- Farasis Energy: 0,22 GWh
- Sunwoda: 0,22 GWh
- CITIC MGL: 0,22 GWh
- Hefei Guoxuan: 0,17 GWh
- CENAT: 0,15 GWh
Only six EV battery cell makers delivered more than 1 GWh during the first quarter of this year.
While Panasonic still remains a strong EV battery cell supplier, the future doesn’t look good. Relying almost exclusively on delivering NCA cylindrical cells to Tesla isn’t a wise long term strategy, especially now that the automaker also has battery supply contracts with LG Chem and CATL.
Moreover, Toyota, Mazda and Honda are the partners that Panasonic chose to deliver its new NCM prismatic battery cells and these automakers aren’t strong supporters of electric cars. The electric cars that they’ll be forced to produce by stricter Chinese and European emissions regulations will have minimal battery capacities.
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