While many companies are working on developing innovative and exciting battery technologies, the list of companies that actually make and sell large quantities of batteries is much shorter. According to a recent report from SNE Research, the top two battery manufacturers own roughly 50% of all market share, while the top ten own 91% of the market.
“From January to September in 2022, the amount of energy held by batteries for electric vehicles registered worldwide was 341.3GWh, a 75.2% year over year increase,” SNE Research reported:
“The global EV battery usage in September 2022 was 54.7GWh, more than 1.6 times greater than the same month of previous year. […] The EV battery market has maintained the bullish trend for the past 27 months despite weakened consumer confidence during the COVID-19 pandemic and difficulties in raw material supply and demand.”
In this article, we’ll take a look at the top 10 largest battery manufacturers in the world by market share. Read on to find out which companies top the charts in 2022.