The global power battery competitive landscape continues to tilt decisively toward China. According to the latest data released by SNE Research on August 5, global power battery installations totaled 608.5 GWh in the first half of 2026, representing a 20% year-on-year growth.
Among the top 10 manufacturers, 7 are Chinese companies, collectively holding 72.4% of the global market share — a 1.5 percentage point increase compared to the same period last year. More strikingly, in the top 5 tier, only one Korean company (LG Energy Solution) remains, with the other four positions all occupied by Chinese manufacturers.
This dominance reflects years of strategic investment by Chinese companies in battery technology development, manufacturing scale-up, and supply chain integration. Companies like CATL and BYD have established themselves as global leaders, while smaller Chinese players continue to gain market share through specialization in different battery chemistries and form factors.
The 72.4% market share figure represents a new high water mark for Chinese battery manufacturers and underscores the strategic importance of China's position in the global EV supply chain. Even as Western governments pursue policies to build domestic battery manufacturing capacity, Chinese companies continue to extend their lead through cost advantages, technological innovation, and economies of scale.
Industry analysts note that the concentration of battery production in China has significant implications for global automotive supply chains, trade policy, and the pace of global electrification. The data suggests that any attempt to significantly reduce dependence on Chinese battery supply would face substantial cost and timeline challenges.
