Companies in Asia dominate global battery manufacturing. Just three battery makers—China's CATL, South Korea's LG Energy Solution, and Japan's Panasonic—accounted for nearly 70% of the battery market in 2021.
Bar chart showing the global market share of battery manufacturers. CATL has 32.5%, LG Energy Solution has 21.5%, Panasonic has 14.7%, BYD has 6.9%, Samsung SDI has 5.4%, SK Innovation has 5.1%, CALB has 2.7%, AESC has 2%, Guoxan has 2%, PEVE has 1.3%, and the rest of the world accounts for 6.1%.