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)
-
BLACKPINK star Jisoo tests positive for COVID-19, to miss world tour stop in Osaka
-
(URGENT) Seoul city sends alert to residents to prepare for evacuation after N. Korea's launch
-
Seoul city sends alert to residents to prepare for possible evacuation after N. Korea's launch
-
N. Korea fires what it claims to be 'space launch vehicle' southward: S. Korean military
-
Flights from typhoon-hit Guam to S. Korea to resume Monday: ministry
-
Fifty Fifty chart on Billboard Hot 100 for 10th week with 'Cupid'
-
BLACKPINK star Jisoo tests positive for COVID-19, to miss world tour stop in Osaka
-
(URGENT) Seoul city sends alert to residents to prepare for evacuation after N. Korea's launch
-
S. Korea slams N. Korea's planned satellite launch, warns of consequences
-
N. Korea fires what it claims to be 'space launch vehicle' southward: S. Korean military
-
Suspect in grisly Busan murder sent to prosecutors for further probe
-
Napoli's Kim Min-jae named Serie A's best defender, makes Team of the Season
-
Military continues salvage operation for North Korean rocket debris
-
(4th LD) S. Korea, U.S., Japan to operate system for sharing real-time N.K. missile warning data 'within this year': Seoul's defense chief
-
(LEAD) Military continues salvage operation for North Korean rocket debris