Batteries are crucial components of electric vehicles as they serve as the power source that drives the powertrain.
Therefore, it is unsurprising that the battery manufacturing sector has also expanded amid the progressive adoption of electric vehicles on a global scale. Without further ado, here are the world’s leading battery producers in 2023:
Rankings
Capacity of batteries manufactured (MWh) – 2022 vs. 2023
| Rankings | Battery Makers | 2023 (MWh) | 2022 (MWh) |
| 1 | CATL | 242,700 | 163,831 |
| 2 | BYD | 115,917 | 72,841 |
| 3 | LG Energy Solution | 108,487 | 86,575 |
| 4 | Panasonic Panasonic | 56,560 | 45,452 |
| 5 | SK on | 40,711 | 31,299 |
| 6 | SAMSUNG SDI | 35,703 | 25,262 |
| 7 | CALB | 23,493 | 20,125 |
| 8 | Farasis Energy | 16,527 | 7,398 |
| 9 | Envision AESC | 8,342 | 4,879 |
| 10 | Sunwoda | 6,979 | 4,495 |
| Others | 56,040 | 44,582 |
