Samsung is a global business powerhouse, and indeed, it is one of the largest enterprises globally due to the sheer width of its business concerns. Its businesses include consumer electronics, chips, panels, smartphones, TVs, and several others. However, Samsung is also into manufacturing batteries for smartphones, wearables, and increasingly, electric vehicles.

The latest results from SNE Research have placed Samsung’s battery-making arm, SDI as the third biggest battery maker based on market share. According to the research, Samsung has a market share of 10.1%, with strong batteries for electric vehicles like Ford’s Kuga, Audi’s E-Tron, and Fiat 500. Korean tech brands LG Energy and Panasonic are the two global leaders in battery making, with a combined market share of 63.3% as of May 2021. The SNE Research report covered five months from January to May 2021.

The leading battery makers are reaping from a very productive half year in the EV market, which has seen Tesla and BAIC-GM presenting impressive and record-breaking sales numbers. Of course, there is a perfect correlation between EV sales and the sales of EV batteries, which forms a bulk of the overall sales output of the battery makers.Panasonic Logo

The SNE Research report also showed a rapid increase in global battery usage within the first five months. The more than two-fold rise in battery usage is also indicative of the rapid shift towards EV technology in the automobile industry. EV manufacturers continue to tinker with the range and mileage per KWh of energy that EVs could offer.

Samsung is also looking at expanding its capability in battery production with recent plans to build battery factories in the United States. The move is aimed at consolidating its quest for lucrative EV battery contracts from Tesla. Samsung recently shared a prototype Tesla 4680 battery cell in pursuit of the Tesla supply contract.

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