According to the Zhitong Finance APP, recently, the research institution EVTank, in collaboration with the Yiwei Economic Research Institute, jointly released the &#34;White Paper on the Development of China's New Energy Vehicle Power Battery Industry (2025).&#34; By comparing the shipment volumes of the top 10 global power battery companies over the past three years, it can be seen that CATL, BYD, and LGES have basically secured the top three positions, and the landscape is relatively stable. In 2024, Zhongchuang Xinhang replaced Japan's Panasonic to rank fourth globally, and Honeycomb Energy entered the global power battery shipment ranking for the first time. In 2024, Panasonic is the only company with an absolute decline in shipment volume year-on-year.
<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250211/1739240712948555.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="1739240705494.png" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250211/1739240712948555.png"/>
The white paper data shows that global new energy vehicle sales reached 18.236 million units in 2024, a year-on-year increase of 24.4%. In 2024, China's new energy vehicle sales reached 12.866 million units, a year-on-year increase of 35.5%, accounting for 70.5% of global sales, up from 64.8% in 2023. In Europe and the United States, new energy vehicle sales for the entire year of 2024 were 2.89 million and 1.573 million units, with year-on-year growth rates of -2.0% and 7.2%, respectively. Driven by new energy vehicles, global power battery shipments reached 1,051.2 GWh in 2024, a year-on-year increase of 21.5%.
<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250211/1739240701983211.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="1739240690887.png" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250211/1739240701983211.png"/>
From the perspective of the competitive landscape among major global power battery companies, CATL ranked first with nearly 360 GWh in shipments, holding a global market share of 34.2%, a decrease of 1.5 percentage points compared to 2023. Its top five automotive clients in 2024 are Tesla, Geely, BMW, Volkswagen, and Nio. BYD, driven by its group’s new energy vehicles, ranked second in power battery shipments. In addition, BYD's key automotive clients in 2024 also include Xiaomi, Tesla, Toyota, and XPeng. Ranking third is South Korea's LGES, with power battery shipments close to 120 GWh in 2024, and its top five clients are Volkswagen, Tesla, General Motors, Hyundai, and Volvo. According to EVTank data, the companies ranked fourth to tenth in global power battery shipments in 2024 are Zhongchuang Xinhang, South Korea's SK On, Japan's Panasonic, South Korea's Samsung SDI, GOTION, EVE Energy, and Honeycomb Energy.
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The "China New Energy Vehicle Power Battery Industry Development White Paper (2025)" released by EVTank and the Yiwei Economic Research Institute shows that in 2024, CATL, BYD, and LGES will remain the top three in the global power battery shipment volume TOP10. Zhongchuang Innovation has replaced Panasonic to rank fourth, and Honeycomb Energy has entered the top ten for the first time. The global sales of new energy vehicles are expected to reach 18.236 million units in 2024, with China accounting for 12.866 million units, or 70.5% of the global total. The global power battery shipment volume is expected to reach 1,051.2 GWh, a year-on-year increase of 21.5%

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GOTION

SUNWODA

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Great Wall Motor

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GEELY AUTO

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Toyota

Tesla

Toyota Motor

Direxion Daily TSLA Bull 2X Shares

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CATL

EVTank: The 2024 Global Power Battery Company Shipment Volume TOP 10 List Released, Honeycomb Energy Enters the Top Ten for the First Time