New data shows global EV power battery installations reached 308.5 GWh in the first four months of 2025, marking a significant 40.2% year-on-year increase. Although April installations dipped slightly month-on-month to 86.7 GWh, the overall market maintained robust growth momentum.
Market Share Breakdown:
CATL retained the top position with 117.6 GWh installed, capturing 38.1% market share – up from 37.9% in 2024.
BYD ranked second with 53.4 GWh, holding a 17.3% share (compared to 17.2% in 2024).
LG Energy Solution (31.4 GWh) and SK On (13.4 GWh) secured third and fourth places respectively.
Samsung SDI, impacted by weak demand in Europe and North America, saw installations fall 11.2% YoY to 10.3 GWh, dropping to seventh place.
SVOLT (蜂巢能源) entered the global top ten for the first time, with installations of 8.1 GWh during the period.
Key Industry Developments:
Recent adjustments to US policies like the Inflation Reduction Act (IRA), aimed at restricting China's battery supply chain, are driving Korean battery makers to accelerate localization efforts through joint ventures and new US plants to secure capacity.
Facing stricter carbon reduction mandates in Europe and intense price competition from Chinese manufacturers, international battery firms are enhancing their competitiveness through technological advancements and diversifying their supply chains.
