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company news about LG Chem won a large number of orders from Tesla, quickly surpassing CATL and ranking first in the world

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LG Chem won a large number of orders from Tesla, quickly surpassing CATL and ranking first in the world
Latest company news about LG Chem won a large number of orders from Tesla, quickly surpassing CATL and ranking first in the world

 

In the past few years, CATL has been the dominant power battery market in the world. However, in the first quarter of this year, LG Chemical quickly surpassed CATL and ranked first in the world due to large orders from Tesla. In recent years, the gap between the two enterprises in the shipment volume is rapidly narrowing.

 

CATL is the largest power battery enterprise in China, which mainly benefits from China, the world's largest new energy vehicle market. In 2015, China became the world's largest new energy vehicle market. From this, CATL rapidly rose and became the world's largest power battery enterprise.

 

At that time, Panasonic was the only power battery supplier of Tesla, the global leader in the new energy vehicle market. With the rapid increase of Tesla automobile sales, Panasonic's position in the power battery market continued to rise, with the shipment volume catching up with that of CATL. For many years since then, CATL and Matsushita respectively ranked among the top two in the global power battery market.

 

In addition to CATL, there are also power battery enterprises such as BYD in the Chinese market, while LG Chemical and Samsung SDI from South Korea rank lower in the global power battery market, and the shipment volume is far less than that of CATL and Panasonic. However, it is generally believed that the power battery technology of LG Chemical and Samsung SDI is ahead of China's power battery enterprises.

 

The change occurred at the end of 2019. At the end of this year, Tesla's factory in Shanghai, China was put into operation. After that, Tesla reduced the price of model 3 produced in Shanghai to less than 300000 Yuan. The sales volume of model 3 rose rapidly. The monthly sales volume of model 3 in the Chinese market exceeded 10000, ranking the top of the list of the most popular new energy vehicles in the Chinese market.

 

Panasonic was reluctant to follow Tesla to build a power battery plant in China, partly because it thought it would be difficult to make a profit by cooperating with Tesla, so LG Chemical became the only power battery supplier for Tesla's Shanghai plant. With the hot sale of Model3, LG Chemical's power battery shipment increased rapidly, rapidly surpassing CATL and Panasonic in the first quarter of this year to become the world's largest power battery market.

 

As a supplier of Tesla's Shanghai factory, LG Chemical has achieved rapid growth in power battery shipment, which stimulated CATL, a Chinese power battery enterprise, and then CATL began to actively seek cooperation with Tesla. By this year, China CATL has become Tesla's power battery supplier, and Tesla's model 3, which uses lithium iron phosphate battery of CATL, has been greatly reduced to less than 250000 Yuan.

 

After CATL became Tesla's power battery supplier, it immediately saw the consequences. In August this year, CATL power battery shipment rapidly approached LG Chemical. According to the published data, the installed power battery capacity of LG Chemical and CATL was 10.5gwh and 10.0gwh respectively, and the gap between them was greatly narrowed.

 

From the rapid changes in the global power battery Market Rankings of LG Chemical, CATL and Panasonic, we can see that Tesla has played a huge role in it. Whoever can get more orders from Tesla will have the opportunity to become the leader in the global power battery market.

 

LG Chemical, CATL and Panasonic are respectively representatives of the power battery industry in South Korea, China and Japan. Their ranking changes also represent the changes in the status of these three countries in the power battery market. It can be said that one enterprise of Tesla determines the status of power battery industry in China, Japan and South Korea.

Pub Time : 2020-11-09 10:04:48 >> News list
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