Korean battery makers lose ground as Chinese rivals gain share

The combined share of LG Energy Solution, SK On and Samsung SDI in the non-China EV battery market fell to 26.8% in January–August 2026 from 37.9% a year earlier. Their battery usage dropped 12.8% to 96.5 GWh, while Chinese makers led by CATL raised their combined share to 56.2%.

• Combined Korean market share fell 11.1 percentage points to 26.8%
• North American battery usage plunged 46.5%, from 47.4 to 25.3 GWh
• CATL ranked first outside China with 121.3 GWh and a 33.7% share
• LFP share in the non-China market rose from 15.6% to 27.5% in a year