Use above Global Electric Vehicle Battery Market Share by Manufacturer 2021 to 2024 on your website
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The quadruple pie chart illustrates the market share of electric vehicle batteries by top manufacturers from 2021 to 2024. CATL leads the market in 2021 with 32.6%, followed by LG Energy Solution at 21.5%. Over the years, the market dynamics shift, with CATL maintaining a significant share. LG Energy Solution and Panasonic also hold substantial portions of the market.
From 2021 to 2024, the market share of key players evolves. In 2022, CATL's share slightly decreases to 34.8%, while LG Energy Solution and Panasonic see minor shifts. By 2023, CATL's share further declines to 37.0%, with other manufacturers gaining traction. In 2024, CATL's share continues to decrease, while Panasonic and BYD show growth.
The global electric vehicle battery market is dynamic, with manufacturers vying for a larger share. As the market grows, new players may enter, challenging established manufacturers. Understanding these market dynamics is crucial for stakeholders looking to invest in the electric vehicle battery sector.