The media said it 'threatens South Korea's status' and Chinese battery companies' European market share has exceeded 40%

News from this site on April 17, South Korean media "Chosun Ilbo" issued an article today, expressing concerns about the latest European new energy vehicle battery market sales data released by South Korean power battery research institution SNE Research. They believe that it is sweeping Europe China's electric cars and batteries "threaten South Korea's situation".

According to data from South Korea's SNE Research, CATL ranked first with a shipment volume ratio of 35.6%, and sales growth reached 30.6% month-on-month; BYD's shipment volume reached 15.6%, ranking second, with sales The month-on-month growth rate was 10.6%.

Currently, Chinese battery companies account for more than 40% of the European market. On the other hand, The market share of domestic battery companies in South Korea dropped from 70% to about 57% during the same period.

The report emphasized that if the sales of Chinese electric vehicles continue to increase in Europe, or the application fields of lithium iron phosphate (LFP) batteries are further expanded, Chinese companies Its influence in the European battery market is bound to be consolidated and strengthened, thereby intensifying competition with Korean companies. According to the current development trend, it may be difficult for Korean companies to maintain their position in the European market.

At present, the development trend of new energy vehicles in my country remains strong. This site previously reported that the relevant person in charge of China’s Ministry of Industry and Information Technology said in an interview with the media that will support my country’s new energy vehicle companies to speed up overseas operations according to local conditions. Develop and strengthen high-level open cooperation in the field of new energy vehicles so that the results of scientific and technological innovation can better benefit people all over the world.

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