SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung is the third biggest battery maker in the world

Business
By 

Last updated: July 26th, 2021 at 14:35 UTC+02:00

Apart from smartphones, tablets, TVs, wearables, chipsets, displays, and other consumer electronics, Samsung also makes batteries for various products. Samsung SDI is Samsung’s business arm that makes batteries for smartphones, wearables, and even electric vehicles. Now, it has been revealed that Samsung is the world’s third-biggest battery brand.

According to the latest numbers from SNE Research, Samsung SDI had a global market share of 10.1%. The company ranked third during the period (January 2021 to May 2021), thanks to battery sales for the Audi E-Tron, Fiat 500, and Ford Kuga. With a market share of 35.5%, LG Energy was the world’s biggest battery maker during the period. The company added 7 percentage points to its market share from the previous period, thanks to impressive sales for the Ford Mustang Mach-E, Volkswagen ID.3, and Volkswagen ID.4.

Panasonic was the world’s second-biggest battery maker, with a market share of 27.8%. Another South Korean firm, SK Innovation, was on the list with a market share of 9.7%. The company relied on sales of the Kia Niro, Hyundai Kona and Benz GLE PHEV. Chinese battery firm CATL (Contemporary Amperex Technology) ranked fifth with a market share of 9.6%. It grew 311% year-over-year, though, thanks to impressive sales of the Tesla Model 3 and Tesla Model Y.

Compared to last year, the global battery usage increased 2.2x to 46.2GWhr from January 2021 to May 2021. Samsung plans to open up a battery factory in the US, and it is hoping to win a contract to make batteries for upcoming Tesla cars. The company recently completed prototyping 4680 battery cells for Tesla cars and it is already supplying batteries to Rivian.

Via Business Samsung SDI
Load 0 comments

You might also like

Samsung to bolster production of EV batteries for Tesla, BMW

Samsung SDI has reportedly secured Tesla as a client for electric vehicle (EV) batteries. After prototyping 46 …

  • By Mihai Matei
  • 5 days ago

Galaxy Z Flip 4’s batteries get pictured, bring a major upgrade

Months before the launch, information about the Galaxy Z Flip 4 and the Galaxy Z Fold 4, including the design …

  • By Asif Iqbal Shaik
  • 3 weeks ago

Samsung and Stellantis building $2.5 billion EV battery plant in India …

Samsung SDI, a division of the Samsung conglomerate, is a leading supplier of batteries for electric vehicles. …

  • By Adnan Farooqui
  • 1 month ago

Samsung is developing stacked smartphone batteries inspired by electri …

Samsung SDI’s experience in electric vehicle (EV) battery manufacturing could soon come into play for th …

  • By Mihai Matei
  • 2 months ago

Samsung likely to post 50% higher operating profit for Q1 2022

Samsung announced its Q1 2022 earnings estimates earlier today. Thanks to solid gains through semiconductor ch …

  • By Asif Iqbal Shaik
  • 3 months ago

Samsung begins construction of a new EV battery plant in the US

As the world is moving towards greener technology for transportation, Samsung is also planning to make its pre …

  • By Sagar Naresh
  • 4 months ago