According to SME Research, CATL is the world’s largest EV battery manufacturer, with 37.7% of the market share. Plus, it is the only battery supplier with a market share of over 30%. CATL has 6 R&D facilities, five in China and one in Germany. In 2023, they spent about $2.59 billion in R&D, an 18.35% increase from the previous year.
China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel. Chinese companies supply 80% of the world’s battery cells and control nearly 60% of the EV battery market. 13. Amperex Technology Limited (ATL) 12. Envision AESC 11. Gotion High-tech 10.
Contemporary Amperex Technology Co. Limited (CATL) has swiftly risen in less than a decade to claim the title of the largest global battery group. The Chinese company now has a 34% share of the market and supplies batteries to a range of made-in-China vehicles, including the Tesla Model Y, SAIC’s MG4/Mulan, and various Li Auto models.
Asia dominates this ranking of the world's largest EV battery manufacturers in 2023. See which battery makers feature in the top 10.
China’s battery dominance is driven by its vertical integration across the entire EV supply chain, from mining metals to producing EVs. By 2030, the U.S. is expected to be second in battery capacity after China, with 1,261 gigawatt-hours, led by LG Energy Solution and Tesla.
In February 2023, the company’s dominant position in the electric vehicle (EV) battery market was cemented by a report from SNE Research—a South Korean firm, which highlighted Contemporary Amperex Technology Limited’s (CATL’s) growth to 191.6 GWh produced in 2022. CATL has reigned supreme for a number of years with a market share of 34% in 2022.
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