EV battery usage rises nearly 20% as South Korean makers’ share falls to 12.7%

Oct 2, 2026 02:25 (22d ago)

Global battery usage reached 844.2 GWh, up 19.7% year-on-year through August.
South Korea’s three makers fell to 12.7% combined, down 3.9 percentage points.
Chinese companies captured 73.3% collectively, while North American usage dropped 23.7%.

Global battery usage across electric, plug-in hybrid and hybrid vehicles reached 844.2 gigawatt-hours (GWh) in the first eight months, up 19.7% from a year earlier. China’s CATL and BYD remained the two largest suppliers, while the seven biggest Chinese manufacturers increased their combined share to 73.3%. South Korea’s LG Energy Solution, SK On and Samsung SDI saw their combined share fall to 12.7% as growth lagged the global market and North American usage weakened. Lithium iron phosphate (LFP) batteries accounted for 57.3% of usage, up from 52.2%.