Sales of batteries for electric vehicles have increased significantly in 2015 compared to 2014, with Panasonic leading an increasingly important market.
Two main conclusions can be drawn from the comparative data of batteries sales between 2014 and 2015. First it is a growing market with an increase of 74% in 2015 year on year, which is in line with increased sales of electric vehicles worldwide.
Secondly a clear market dominance by Panasonic can be observed, through its partnership with Tesla Motors and the large capacity of the battery incorporated in Model S and Model X, four times higher as for energy capacity than average from other manufacturers.
BYD and LG Chem continue their upward trend. In the case of the Chinese company, the increase over the previous year is significant, progressing in market share from 7% to 14%. In the case of BYD e6 the fact of mounting significantly larger batteries than competition also influences the figures. It should also be noted that the sales figure does not include the batteries mounted on electric buses, a sector in which BYD is leading and where large capacity batteries are used, which would position this company above Panasonic in these final data.
Panasonic leading with a 40% market share
Panasonic reached a production of 4,552 MWh which, compared with 2,726 in 2014 represents a significant increase and allows the company to retain a market share of 40% and a clear market dominance over its direct competitors. LG Chem moves to the third position probably harmed by the fact of being the provider, for example of the Chevrolet Volt, extended-range electric and of many plug-in hybrids, mounting a small battery compared to pure electric. The arrival on the market of the Chevrolet Bolt, including a significantly larger battery and for which good sales figures are expected will be noticed on the final figures for this year. At the moment a market share of 13% is maintained
AESC joint venture between NEC and Nissan continues to lose market share from 25% in 2014 to 11% in 2015 by the slowdown in sales of the Leaf. The future does not look encouraging for the joint venture with the likely future outsourcing of Nissan batteries in favor of LG Chem.
Table of batteries sales by manufacturer 2014-2015 ME
The Chinese market and giga factory of Tesla can change the game
GS Yuasa / Mitsubishi loses market share but gains in production, penalized by the small capacity of the battery world’s best selling plug-in hybrid, the Outlander PHEV.
Samsung, provider of BMW electric, of the plug-in hybrids VAG and of Fiat group significantly increases its production although this fact is not reflected in a considerable increase in market share.
Epower leads a series of small Chinese battery manufacturers along with Beijing Pride Power, Air Litium (Lyoyang) and Wanxiang with significant growth compared to last year.
In the future an eye will have to be kept on the continuing evolution of the Chinese market and arrival to market of the Tesla Model 3 and the start of production at the Giga factory in Nevada