LG Chem becomes No. 1 EV battery supplier in Jan.-July period
SEOUL, Sept. 1 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical firm, became the largest supplier of electric vehicle (EV) batteries in the first seven months of this year, data showed Tuesday.
Based on the global usage of EV batteries, LG Chem's market share stood at 25.1 percent in the January-July period, compared with 10.6 percent a year earlier, according to market tracker SNE Research.
The data showed that 13.4 gigawatt-hours (GWh) of LG Chem's EV batteries were used in the January-July period, compared with 6.8 GWh a year earlier.
SNE Research attributed the hike to robust sales of the Tesla Model 3, the Renault Zoe EV and others that are all powered by LG Chem's EV batteries.
China's CATL came in second in the first seven months of this year with a 23.8 percent market share, sharply down from 26.6 percent a year earlier.
Meanwhile, two other South Korean EV battery makers -- Samsung SDI Co. and SK Innovation Co. -- came in fourth and sixth place with a 6.4 percent and 4.1 percent market share, respectively.
The strong performance of the Korean EV battery makers came despite a sharp decline in the global usage of EV batteries due to the fallout of the coronavirus pandemic.
The combined global usage of EV batteries came to 53.3 GWh in the January-July period, down 16.8 percent from 64.1 GWh a year earlier.
entropy@yna.co.kr
(END)
-
New Defense Minister Lee takes office, warns of 'stern' response to possible N.K. provocations
-
(LEAD) Yoon taps ex-deputy NSA for spy chief
-
Gov't to significantly increase international flights to meet travel demand
-
Psy returns to Billboard Hot 100 after 7 years with 'That That'
-
(URGENT) Yoon takes oath of office
-
Full text of President Yoon's inaugural address
-
(2nd LD) Yoon offers to revive N.K. economy with 'audacious plan'
-
S. Korea to send condolence delegation to UAE over death of president
-
(News Focus) With Yoon, S. Korea, U.S. to strengthen alliance, deterrence against N. Korea: experts
-
(LEAD) Yoon to take oath of office as S. Korea's new president
-
S. Korean Navy SEAL-turned-YouTuber in Ukraine claims to be injured
-
N. Korea asks China for help in fight against COVID-19: source
-
(LEAD) Crypto investor probed for alleged trespassing at Terraform CEO's home
-
Crypto investor probed over allegedly visiting house of Terraform's CEO
-
(LEAD) N. K. leader issues special order on medicine supply against epidemic: state media