{"id":355668,"date":"2025-05-30T07:21:07","date_gmt":"2025-05-30T01:51:07","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=355668"},"modified":"2025-05-30T07:21:07","modified_gmt":"2025-05-30T01:51:07","slug":"installed-battery-capacity-in-new-evs-grew-22-yoy-in-2024-led-by-chinese-vendors-tariffs-triggering-supply-chain-shifts","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/installed-battery-capacity-in-new-evs-grew-22-yoy-in-2024-led-by-chinese-vendors-tariffs-triggering-supply-chain-shifts\/","title":{"rendered":"Installed Battery Capacity in New EVs Grew 22% YoY in 2024, Led by Chinese Vendors; Tariffs Triggering Supply Chain Shifts"},"content":{"rendered":"<ul>\n<li><i>Installed battery capacity in new EVs grew 22% YoY in 2024, driven by rising EV adoption and changes in vehicle mix across key markets.<\/i><\/li>\n<li><i>Chinese battery makers control more than 70% of this capacity, led by CATL (38%) and BYD (18%) on the back of domestic strength and global expansion.<\/i><\/li>\n<li><i>South Korean and Japanese vendors lost share, as EV sales slowed in the US and declined in Europe, compounded by factory delays and reduced allocations from legacy OEMs.<\/i><\/li>\n<li><i>PHEVs are reshaping the EV battery mix, growing from 30% of EV sales in 2023 to 37% in 2024. Their smaller battery sizes pulled down the overall average installed battery capacity despite the growth in BEV pack sizes.<\/i><\/li>\n<li><i>New tariffs and policy pressure in the US and EU are triggering strategic shifts in production and partnerships, with investments flowing into Mexico, US Southeast, India and Indonesia.<\/i><\/li>\n<\/ul>\n<p><span dir=\"ltr\" lang=\"EN-IN\">Installed Battery Capacity in new <\/span><span dir=\"ltr\" lang=\"EN-IN\">EVs<\/span><span dir=\"ltr\" lang=\"EN-IN\"> grew 22% YoY in 2024, with <\/span><span dir=\"ltr\" lang=\"EN-IN\">Chinese vendors<\/span><span dir=\"ltr\" lang=\"EN-IN\"> increasing their share to over 70% according to Counterpoint\u2019s latest <\/span><span dir=\"ltr\" lang=\"EN-IN\"><strong>Global EV Battery Tracker<\/strong><\/span><span dir=\"ltr\" lang=\"EN-IN\">. This growth in capacity installation was driven by rising EV adoption and changes in vehicle mix across key markets.<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-IN\">CATL remained the market leader with a 38% share, followed by <\/span><span dir=\"ltr\" lang=\"EN-IN\">BYD<\/span><span dir=\"ltr\" lang=\"EN-IN\"> at 18%. BYD\u2019s gains were supported by strong domestic demand and growing exports. \u201cChina\u2019s battery dominance now reflects not just cost, but scale, execution and integration,\u201d said <strong>Research Analyst <\/strong><\/span><span dir=\"ltr\" lang=\"EN-IN\"><strong>Abhik Mukherjee<\/strong>.<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-IN\">LG Energy Solution, Panasonic and SK Innovation lost share in 2024, despite growing their output. Their performance was affected by slowing <\/span><span dir=\"ltr\" lang=\"EN-IN\">EV<\/span><span dir=\"ltr\" lang=\"EN-IN\"> demand in the US and a decline in Europe, as well as delays in ramping up new gigafactories and reduced allocations from legacy OEMs. Among other players, only CALB managed to maintain stable momentum.<\/span><\/p>\n<figure class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.counterpointresearch.com\/_File\/ckeditor\/20255251121_8X33D_editor_image.png\" width=\"654\" height=\"368\" \/><\/figure>\n<p><span dir=\"ltr\" lang=\"EN-IN\"><strong>PHEVs shift battery trends<\/strong><\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-IN\">While the average battery capacity installed per <\/span><span dir=\"ltr\" lang=\"EN-IN\">battery electric vehicle<\/span><span dir=\"ltr\" lang=\"EN-IN\"> (BEV) increased in 2024, the overall average battery capacity installed per EV declined by 1% due to the growing share of <\/span><span dir=\"ltr\" lang=\"EN-IN\">plug-in hybrid EVs<\/span><span dir=\"ltr\" lang=\"EN-IN\"> (PHEVs), which have smaller battery sizes. Growing from 30% of total EV sales in 2023 to 37% in 2024, PHEVs are especially finding support in Europe and China, where they are seen as a practical alternative amid slower charging infrastructure rollout.<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-IN\"><strong>Tariffs impacting supply chains<\/strong><\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-IN\">Upcoming tariffs in the US and EU on Chinese EVs and battery components are triggering global supply chain shifts, with automakers already shifting production to Mexico, the US Southeast, <\/span><span dir=\"ltr\" lang=\"EN-IN\">India<\/span><span dir=\"ltr\" lang=\"EN-IN\">, and <\/span><span dir=\"ltr\" lang=\"EN-IN\">Indonesia<\/span><span dir=\"ltr\" lang=\"EN-IN\"> to avoid higher import costs. Companies are also reassessing their partnerships and vertical integration strategies across battery, drivetrain and chipset production. \u201cPolicy pressure is driving automakers to rethink where and how they build,\u201d said <strong>Associate Director <\/strong><\/span><span dir=\"ltr\" lang=\"EN-IN\"><strong>Liz Lee<\/strong><\/span><span dir=\"ltr\" lang=\"EN-IN\">, adding, \u201cLocalized, flexible supply chains will be key going forward.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Installed battery capacity in new EVs grew 22% YoY in 2024, driven by rising EV adoption and changes in vehicle mix across key markets. Chinese battery makers control more than 70% of this capacity, led by CATL (38%) and BYD (18%) on the back of domestic strength and global expansion. South Korean and Japanese vendors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14083],"tags":[],"class_list":{"0":"post-355668","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-technology-industry-news"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/355668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=355668"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/355668\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=355668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=355668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=355668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}