SK Innovation now a top 10 battery maker globally

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SK Innovation now a top 10 battery maker globally

SK Innovation, a latecomer to the electric vehicle (EV) battery market, joined the ranks of the world’s top 10 players in terms of sales during the first quarter of the year, industry data showed Tuesday.

According to the data by SNE Research, a market researcher on renewable energy, SK Innovation, also the country’s leading oil refiner, reported 447 megawatt hours of capacity sold in the first three months of 2019. This put it in 9th place among battery suppliers.

The data is based on EV batteries that were actually sold and used in the market.

LG Chem came in fourth with a capacity of 2.47 gigawatt hours sold during the cited period. Samsung SDI, another EV battery maker, had 705 megawatt hours of capacity to come in sixth.

Chinese EV battery makers still dominate the world’s EV battery market, with CATL, BYD Co. and Guoxuan all on the top list.

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