Archive · 2 Sep 2025
South Korean Battery Makers' Global Market Share Declines
South Korean companies that make batteries for electric vehicles saw their share of the global market shrink.
This happened even though more and more people are using electric vehicle batteries overall.
The three main South Korean battery makers, LG Energy Solution, SK On, and Samsung SDI, lost market share compared to last year.
Despite the drop in market share, the total amount of batteries used worldwide in electric cars went up.
LG Energy Solution is still in the top three globally, but its market share decreased.
SK On also saw a slight drop in its share, while Samsung SDI's market share fell due to slow sales.
South Korean battery makers' combined global market share decreased.
The combined market share fell by 4.5 percentage points to 16.7% in the EV sector.
Global battery usage in EVs, PHEVs and HEVs increased by 35.3% to 590.7 GWh.
LG Energy Solution maintained its No. 3 position, but its market share dropped to 9.5%
Samsung SDI's EV battery usage fell due to low demand.
- Who
- South Korean battery makers, including LG Energy Solution, SK On, and Samsung SDI.
- What
- Experienced a decline in combined global market share.
- When
- January-July period
- Where
- Global market
- Why
- Due to a combination of factors, including sluggish demand for Samsung SDI, though overall global EV battery usage increased.
- Combined Market Share of S. Korean Battery Makers
- 16.7%
- Market Share Drop
- 4.5 percentage points
- Global Battery Usage Growth
- 35.3%
- Global Battery Usage
- 590.7 GWh
- LG Energy Solution Market Share
- 9.5%
- SK On Market Share
- 4.2%
- Samsung SDI Market Share
- 3%