Lithium iron phosphate (LFP) batteries, with their advantages in cost, safety, and cycle life, have become highly competitive in mid-to-low-end electric vehicles and energy storage applications. By 2025, LFP batteries are expected to account for over 50% of the global power battery market share.
Below is a comparison of the top 10 global LFP battery cell manufacturers and their market shares:
|
Item |
Company |
Country |
Market Share |
|
1 |
CATL |
China |
40%-50% |
|
2 |
BYD |
China |
20%-25% |
|
3 |
Gotion High-Tech |
China |
8%-10% |
|
4 |
EVE Energy |
China |
5%-7% |
|
5 |
SVOLT |
China |
3%-5% |
|
6 |
REPT Battero |
China |
2%-4% |
|
7 |
Envision AESC |
China |
2%-3% |
|
8 |
Lishen Battery |
China |
1%-2% |
|
9 |
Great Power |
China |
1%-2% |
|
10 |
Wanxiang A123 |
China |
1%-2% |
The data clearly demonstrates that Chinese enterprises hold a dominant advantage in both technological R&D and large-scale production of lithium iron phosphate (LFP) batteries, with over 80% of global LFP production capacity concentrated in China. Chinese companies maintain absolute leadership in this sector and will further consolidate their competitive edge through technological innovation and global expansion strategies.
Meanwhile, the explosive growth of the energy storage market and the commercialization of emerging technologies such as sodium-ion batteries are expected to create new growth opportunities for the industry.
Post time: Apr-03-2025