NUMBER OF THE DAY

That’s how much global market leader CATL is investing in three European battery plants.

🏭 Expansion After Northvolt’s Collapse: 90% of European carmakers are CATL customers, and a new Europe-specific “Shenxing Pro” cell with a 758 km range is hitting the market.

🔋 Costly But Necessary: Production in Europe costs 50% more than in China, but EU tariffs and customer proximity force localization. Planned capacity: 164 GWh.

Watch: The European market offers strong growth potential, with the electrification rate there at only about 25%, while China has already surpassed 50%.

TOP Battery Cell Manufacturers Worldwide
Battery capacity installed in electric cars by manufacturer 2024 in gigawatt-hours
Manufacturer
Country of origin		Capacity
in GWh		Market share
in percent
CATL
China
339.3
37.9%
BYD
China
153.7
17.2%
LG Energy
South Korea
96.3
10.8%
CALB
China
39.4
4.4%
SK On
South Korea
39.0
4.4%
Panasonic
Japan
35.1
3.9%
Samsung SDI
South Korea
29.6
3.3%
Gotion
China
28.5
3.2%
EVE
China
20.3
2.3%
Sunwoda
China
18.8
2.1%
Others
—
94.3
10.5%
Total894.4 GWh
Source: HANDELSBLATT • SNE Research
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