News > Three South Korean EV battery makers account for one-third of the global market but competition from China is threatening

Three South Korean EV battery makers account for one-third of the global market but competition from China is threatening

03/05/2021 04:50 PM | Click to read full article

Three South Korean electric vehicles (EV) battery makers accounted for 31 per cent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said on Monday.

The trio -- LG Energy Solution, Samsung SDI and SK Innovation-- supplied a combined 47.8 gigawatt-hour (GWh) equivalents of EV batteries in the January-March period, up 127 per cent from a year earlier, according to the data by SNE Research.

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