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LG Chemical Surpasses BYD in EV Batteries Shipment

Large  Small Date:2019-11-07  From:ICC
Note: In 2019, global EV batteries shipment competition is extremely intense especially battery manufacturers that take place in top 4. CATL, Panasonic, LG Chemical and BYD takes top 1-4 position in global EV batteries shipment ranking in 2019. LG Chemical surp
In 2019, global EV batteries shipment competition is extremely intense especially battery manufacturers that take place in top 4. CATL, Panasonic, LG Chemical and BYD takes top 1-4 position in global EV batteries shipment ranking in 2019. LG Chemical surpasses BYD in 2019 which is different from 2018.

ICCSINO predicts that CATL and Panasonic will keep taking 1st and 2nd place in 2019 global EV batteries shipment. LG Chemical surpasses BYD in 2019 on EV batteries shipment which will continue in 2020 owing to Tesla & LG Chemical purchasing agreement on Tesla Model 3 in Shanghai factory. 

This topic will be post in 2 articles which include:
1.Global Top 4 EV batteries shipment ranking is in variation. According to ICCSINO, LG surpasses BYD in 2019. 
2.ICCSINO predicts that SKI takes 8th place in global EV batteries shipment in 2019.

CATL & Panasonic competed in which Panasonic is in inferior due to restricted capacity.

According to ICCSINO, 2019.1-9, CATL installed power battery shipment which includes NCM and LFP was 21.67GWh. CATL installed LFP battery shipment declined dramatically in November. ICCSINO predicts that CATL total installed power battery shipment will be less than 30GWh in 2019.

As of September 2019, Tesla sales volume was 255.1K units released by EV Sales. According to measurement, Tesla installed power battery shipment was 18.12GWh which is supplied by Panasonic from January to September in 2019. 



LG Chemical surpasses BYD in global EV batteries shipment in 2019.  

As of 2019.9, BYD installed power battery shipment was 8.84GWh. BYD battery demand was weakening in 2019 because of poor EV sales and Chinese declining subsidy policy. ICCSINO forecasts that BYD installed power battery shipment in 2019 is 11.45GWH which remains same as 2018.

2019.1-9 LG Chemical installed power battery shipment was 7.7GWh which is lower than BYD. According to LG small LIB market share, raw material procurement, downstream sales volume. LG Chemical is developing rapidly based on the cooperation between LG Chemical and 15 car companies including Tesla, Volkswagen, etc. It’s know that LG Chem has 40GWh in Chinese factory. ICCSINO predicts that LG installed power battery shipment will be beyond12GWh in 2019. Hence LG Chemical will be superior to BYD in 2019 in global EV batteries shipment.

Musk said “ Panasonic power battery capacity was restricted that was 24GWh” on twitter.

ICCSINO predicts that Q4 Panasonic installed power battery shipment is 6.7GWh. Panasonic total installed power battery shipment will be 24.87GWh in 2019. CATL will continue to take 1st place in global total EV batteries shipment.



CATL & LG Chemical are in faster growth trend compared with Panasonic & BYD.

CTAL construction & planning capacity is over 100GWh.

Panasonic will expand prismatic battery output based on the cooperation with Toyota. But there is no detailed time for project post by public news.

LG Chemical and Tesla reached a purchase agreement in which domestic Model 3 will use LG battery. If put into production, LG power battery demand will grow by 10GWh per year since 2020. 

BYD expansion plan is not available in public official news.
 
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