On February 7, SNE research, a South Korean market research institution, released the ranking of global power battery installed capacity in 2021. The top ten global power battery installed capacity in 2021 are: Contemporary Amperex Technology Co.Limited(300750) , LG new energy, Panasonic, Byd Company Limited(002594) , SK on, Samsung SDI, China Innovation Airlines (AVIC lithium battery), Gotion High-Tech Co.Ltd(002074) , vision power and honeycomb energy.
According to the latest data, the global installed capacity of Contemporary Amperex Technology Co.Limited(300750) (300750, hereinafter referred to as Contemporary Amperex Technology Co.Limited(300750) ) in the field of power batteries reached 96.7gwh last year, with a market share of 32.6%, ranking first in the world.
Data source: SNE research, chart making: OFweek lithium power grid
It is understood that this is the fifth consecutive year that Contemporary Amperex Technology Co.Limited(300750) has ascended the throne of the world’s largest power battery enterprise. As of the closing on February 7, Contemporary Amperex Technology Co.Limited(300750) was reported at 579.44 yuan / share, down 2.22% on the same day, with a total market value of about 1.35 trillion yuan, ranking fourth in the market value of a stock market.
According to the performance forecast recently released by Contemporary Amperex Technology Co.Limited(300750) , the net profit in 2021 is expected to be 14-16.5 billion yuan, with a year-on-year increase of 150.75% – 195.52%, breaking the highest profit record since the company was listed in 2018.
Second on the list is South Korean power battery giant LG energy solution (hereinafter referred to as LG new energy). Last year, the installed capacity of power battery was 60.2gwh, with a market share of 20.3%. LG new energy is split from LG Chemical battery business and is Contemporary Amperex Technology Co.Limited(300750) ‘s biggest competitor.
In January this year, LG new energy was officially listed on the Korean stock exchange, becoming the largest IPO in South Korea’s history, raising 12.75 trillion won (about 68.3 billion yuan).
According to the prospectus of LG new energy, the net profit of LG new energy from 2019 to the first three quarters of 2021 was -2.269 billion yuan, – 2.375 billion yuan and 4.538 billion yuan respectively. The data shows that LG new energy is in a state of loss in 2019 and 2020, and will not start to make profits until 2021.
Kwon young soo, vice president of LG Group and CEO of LG new energy, said at the press conference in January that considering the current backlog of battery orders, LG new energy’s global market share has the opportunity to catch up with its competitors Contemporary Amperex Technology Co.Limited(300750) . However, from the current data, there is still a certain distance from the expected realization. Compared with the 2020 data, Contemporary Amperex Technology Co.Limited(300750) has increased its market share by 8 percentage points, while LG new energy’s market share has decreased by 3 percentage points.
In addition to the two power battery giants of China and South Korea, Panasonic, a Japanese battery enterprise, ranks third in the installed capacity of power batteries in the world. The installed capacity of the enterprise last year was 36.1gwh, with a market share of 12.2%, a decrease of more than 6 percentage points compared with 2020. The overall market share of Japanese funded enterprises shows a downward trend, which is lower than the average level of the market.
According to the data of the list, the top ten enterprises with the highest installed capacity of power batteries in the world are mostly from China and South Korea, including 6 Chinese enterprises and 3 South Korean enterprises.
The total global market share of the three Korean funded enterprises is 30.4%. LG new energy ranks second in the world, SK on ranks fifth in the world and Samsung SDI ranks sixth in the world. The battery installed capacity of the three Korean enterprises has achieved more than double-digit growth, but the market share has not achieved significant growth, or even a slight decline.
Data source: SNE research
Driven by the rapid growth of the Chinese market, the market share of Chinese enterprises is on the rise, Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) , China Innovation Airlines (formerly AVIC lithium battery), Gotion High-Tech Co.Ltd(002074) , vision power and honeycomb energy are shortlisted in the list. Byd Company Limited(002594) ranked fourth, with an installed capacity of 26.3gwh and a market share of 8.8%. The other four Chinese enterprises ranked seventh to tenth on the list, with a total market share of 7.2%.
Among the six Chinese funded enterprises, in addition to the long-term driving force mainly supporting international automobile enterprises, the growth rate of the other five companies exceeded 100%. Among them, the battery installed capacity of Contemporary Amperex Technology Co.Limited(300750) and Byd Company Limited(002594) increased by more than 167% year-on-year, and the installed capacity of honeycomb energy increased by more than 430% year-on-year.
According to SNE research, the total amount of electric vehicle batteries registered by countries around the world in 2021 was 296.8gwh, more than doubling year-on-year (102.18%). Despite the adverse factors such as the shortage of semiconductor supply and the re spread of coronavirus, the field of power batteries began to recover in the third quarter of 2020 and has maintained a stable high growth trend so far.
In addition, SNE research also released the global power battery installed capacity data in December 2021, totaling 43.7gwh, with a year-on-year increase of 53.2%. This indicates that the installed capacity of global power batteries has increased for 18 consecutive months.
Data source: SNE research
According to SNE research, by 2023, the global demand for power batteries for electric vehicles will reach 406gwh, and the power battery capacity is expected to be 335gwh.
