- CATL and BYD held a combined 55.5% of the global market in Jan-Feb, down from 59.0% in January.
- Total global EV battery usage during the period reached 134.9 GWh, up 4.4% year-on-year.
Market share of world’s top EV battery makers (Jan-Feb 2026)
| Company | Market Share (%) | Installations (GWh) |
|---|---|---|
| CATL | 42.1% | 56.9 |
| BYD | 13.4% | 18.1 |
| LG Energy Solution | 8.7% | 11.8 |
| CALB | 4.7% | 6.3 |
| Panasonic | 4.0% | 5.3 |
| Gotion High-tech | 3.9% | 5.3 |
| SK On | 3.8% | 5.2 |
| Svolt | 2.8% | 3.8 |
| Eve Energy | 2.8% | 3.7 |
| Samsung SDI | 2.5% | 3.3 |
| Others | 11.3% | 15.2 |
CATL and BYD continued to dominate the global EV battery market in the first two months of 2026, although their shares both slipped compared to January.
Total global EV battery usage in the January-February period reached 134.9 gigawatt-hours (GWh), up 4.4% year-on-year, according to data released Tuesday by South Korean market research firm SNE Research.
CATL maintained its dominance in the global market during the period, recording a 42.1% overall market share, though down from 45.2% in January.
The Chinese battery giant’s battery installation volume for Jan-Feb stood at 56.9 GWh, up 13.7% from 50.0 GWh a year earlier.
The growth was primarily attributed to the overall sales expansion of its key clients, including Chinese automakers such as Li Auto, Nio, and Zeekr.
In contrast, second-ranked BYD suffered a setback in the first two months of 2026, with its global market share sliding to 13.4%.
This is down from 16.0% in the same period last year and 13.8% in January.
BYD’s total battery installation volume registered about 18.1 GWh in January-February, marking a year-on-year decline of about 12.5% compared to 20.7 GWh a year ago.
This was largely due to a sales slump for its own-brand vehicles in the Chinese domestic market during the traditional off-season, despite displaying growth in overseas sales.
Together, CATL and BYD captured a combined 55.5% of the global share in Jan-Feb, down from 59.0% in January.
Meanwhile, South Korea’s three major battery makers continued to face challenges during the Jan-Feb period, with their combined global market share dropping to 15.0%.
LG Energy Solution ranked third globally with a battery installation volume of about 11.8 GWh and an 8.7% share, and its total usage fell 2.7% year-on-year.
The other two South Korean firms, SK On and Samsung SDI, also suffered setbacks, with their total battery usage plunging 12.9% and 21.9% year-on-year, respectively.
The two South Korean companies ranked 7th and 10th with 5.2 GWh and 3.3 GWh, capturing shares of 3.8% and 2.5%, respectively.
The widespread data decline among South Korean battery companies was mainly driven by a nearly 30% sales drop in the US EV market and slowing demand from major legacy automakers, according to SNE Research.
China’s CALB ranked fourth in January-February with an installation volume of 6.3 GWh and a 4.7% share.
Japan’s Panasonic took fifth place globally during the period with an installation volume of 5.3 GWh and a 4.0% share.
China’s Gotion High-tech and Eve Energy ranked sixth and ninth with shares of 3.9% and 2.8%, respectively.
Hina Battery general manager expects a historic convergence in the price ranges of sodium-ion and lithium batteries next year.
