EV battery usage in H1 this year rose 20% year-over-year. China’s CATL held the top spot with 242.7GWh, up 25.3%, for a 39.9% share (up from 38.2% a year earlier). BYD was second at a 14.4% share, and LG Energy Solution was third with 52.6GWh, up 8.4%.
ESS battery shipments were even more dramatic: 461.3GWh, up 71% year-over-year, with LG Energy Solution alone growing 357%. The combined share of China’s top three also rose 1.7 percentage points — but notably, LG Energy Solution’s share rose by nearly the same margin, 1.6 percentage points.
For the equipment industry, what these numbers mean is straightforward. CATL and BYD expanding capacity while LG Energy Solution ramps up ESS production at the same time means equipment orders across the entire electrode, assembly, and formation process will keep coming from both camps.