CALB (China Aviation Lithium Battery) aims to become a top battery cell maker very soon, but right now world’s biggest EV battery cell maker is CATL by a large margin, as we can see from the Q1 2021 results below.
Global electric vehicle battery application in Q1 2021
CATL: 15,1 GWh (31,5 %) LG Energy Solution: 9,8 GWh (20,5 %) Panasonic: 8 GWh (16,7 %) BYD: 3,2 GWh (6,8 %) Samsung SDI: 2,5 GWh (5,3 %) SK Innovation: 2,4 GWh (5,1 %) CALB: 1,3 GWh (2,7 %) AESC: 1 GWh (2,1 %) Guoxuan: 0,9 GWh (1,9 %) PEVE: 0,6 GWh (1,3 %) While the Japanese and Korean companies are slowly losing ground, multiple Chinese companies are aiming to reach the top 3 in few years.