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Among the top 10 companies in the global power lithium-ion battery shipment volume in 2019, there are 5 companies in China, namely Ningde Times, BYD, Vision AESC, Guoxuan High Tech, and Lishen Battery. There are also 2 Japanese companies and 3 Korean companies. These 10 companies hold 85% of the global market share.

Overseas car companies are making efforts in the Chinese market

In addition to Ningde Times, there are also several Chinese power lithium-ion battery companies emerging globally. According to statistics from Zhiyan Consulting, among the top 10 global power lithium-ion battery shipments in 2019, there are 5 companies in China, namely Ningde Times, BYD, Vision AESC, Guoxuan High Tech, and Lishen Battery. There are also 2 Japanese companies and 3 Korean companies. These 10 companies hold 85% of the global market share.

It is worth noting that recently, multinational car companies have been binding with suppliers of lithium-ion batteries for automotive power in China. On May 28th, Volkswagen (China) Investment Co., Ltd. acquired 26.47% of the shares of Guoxuan High Tech, becoming the largest shareholder. On July 3rd, Mercedes Benz announced the deepening of strategic cooperation with Funeng Technology (Ganzhou) Co., Ltd. and acquired a 3% stake in Funeng Technology.

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